Prague bourse accepts developer VGP listing

...million euros ($220 million) in Prague and Brussels, the bourse's spokesman said on Monday.

The admission, approved by the PSE's Listing Committee on Friday, is conditional on the approval of VGP's prospectus by Belgian regulator CBFA, spokesman Jiri Kovarik said.

VGP is a developer of commercial and logistic buildings in the Czech Republic and elsewhere in central and eastern Europe.

It said in October it planned to float around one third of its shares by the end of this year, including existing and new stock.

Co-owner and Chief Executive Jan Van Geet said he expected the prospectus to be issued by the end of November.

Lead managers of the IPO are KBC and ING in Brussels and KBC's Patria Finance in Prague.

(Reporting by Jan Korselt; Editing by Quentin Bryar)

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Keywords: CZECH VGP/IPO

[PRAGUE/Reuters/Finance.cz]