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EBRD acquires 4.4 per cent stake in Globalworth

The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 per cent stake in real estate developer Globalworth, whose portfolio in Romania reached 1.08 billion Euro at the end of September.

2017-12-11 10:44:20

In total, Globalworth has attracted 340 million Euro through a new share offer. The funds will be channelled to investment projects in Romania and Poland.

The company is currently listed on the London Stock Exchange's Alternative Investment Market (AIM). Last month, Globalworth announced it was expanding to Poland, where it submitted an offer to purchase a minimum of 50.01 per cent and a maximum stake of 67.95 per cent in the Polish developer Griffin Premium.

Globalworth is one of the largest investors and developers of office space in Romania. In the summer, Globalworth issued corporate bonds with a total value of 550 million Euro on the Bucharest Stock Exchange (BVB), the largest issuance of this type in the history of the Romanian capital market. The bonds were also listed on the Irish market.

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