Vastned O/I share issue generates EUR 50 mln

Vastned Offices/Industrial announced yesterday it has successfully placed 1,683,502 ordinary shares for a total value of EUR 50 mln. The shares were sold at a price of EUR 29.70 each, which is equivalent to the share closing price on Tuesday, the Rotterdam-based property investor said in a press release. Vastned also said that the share issue, representing 8.7% of its current ordinary share capital, was oversubscribed by 70%.

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