Frey, a real estate company that specialises in major urban renewal projects as well as the development and management of open-air shopping centres, has just completed a capital increase with preferential subscription rights maintained.
This transaction, which involved the issue of two new shares for every seven existing shares, generated a gross amount of EUR161.5m and resulted in the issuance of 5,383,332 new shares at a price of EUR30.00 per share. Settlement and delivery took place on 4 December.
This transaction enables Frey to reinforce both its financial and shareholder structure. It benefitted from the support of its historical shareholders and, furthermore, enabled the entry of a new investor in the capital, SCI Primonial Capimmo.
CIC Market Solutions' teams would like to thank Frey for its confidence and are available to work with companies on their financing projects.