Orco launches offering to place 1.3 mln new shares

04.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, June 4 (Reuters) - Czech real estate developer Orco Property Group launched on Monday an offering aimed at privately placing up to 1.3...

...million new shares, Orco said.

Citigroup Global Markets is acting as bookrunner for a bookbuilding process to place the shares with institutional investors, Orco said in a statement. Pricing is expected to be announced on June 14.

Orco, listed on Euronext in Paris and the Prague Stock Exchange, has said it seeks to obtain listing permits on the Warsaw and Budapest bourses.

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