euro adhoc: Valartis Group AG
other
Successful completion of Eastern
Property Holding´s capital increase
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.11.2007
Valartis Bank AG, Renaissance Capital and Kempen & Co. successfully placed as joint lead managers a total of 1.61 million newly issued shares of Eastern Property Holdings Ltd. in the market.
Through the capital increase, Eastern Property Holdings will receive a total of USD 144 million of new money. Thus, the market capitalization of the SWX Swiss Exchange listed real estate investment company will increase to almost half a billion US dollars.
Eastern Property Management Ltd., a wholly owned subsidiary of Valartis Group AG, acts as manager of Eastern Property Holdings. It is planned to invest the proceeds of the capital increase mainly in promising real estate development projects in the booming centers of Russia.
Further information on Eastern Property Holdings can be found under www.easternpropertyholdings.com or www.valartis.ch.
end of announcement euro adhoc 12.11.2007 17:53:22
Further inquiry note:
Lorenzo Trezzini, CFO Valartis Bank
Phone +41 43 336 81 11
Branche: Financial & Business Services
ISIN: CH0001840450
WKN: 184045
Index: SPI, SSCI, SPIEX
Börsen: SWX Swiss Exchange / official market