Euronext-listed Prologis European Properties (PEPR) said last week it would purchase some EUR 4 mln of its stock over the following 10 trading days. Of the total, EUR 400,000 will be used for part of the remuneration package of non-executive directors. The remaining EUR 3.6 mln will be used to satisfy an obligation to partially pay for the acquisition of the Wroclaw DC8 building in southwest Poland with its own stock. PEPR earlier this year agreed to purchase the property from the Denver-based and New York stock exchange-listed Prologis.
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