The capital increase of approx. ZAR 465 million (approx. EUR 35 million) will take place if New Europe Property Investments (NEPI) will consider acceptable the offered price, according to a report sent to Bucharest Stock Exchange.
The purpose of the capital increase is “mainly to cover the newest acquisitions”, including 70% of Mega Mall development, the plot for the development of Vulcan Value Center and the shares of the joint-venture partnership for Vulcan Value Center. (source: economica.net)