New Europe Property Investments starts trading on the BSE
New Europe Property Investments (NEPI) investment fund is in the process of completing a private placing of shares on in Johannesburg and London to the value of EUR 28 million and its shares started trading on the Bucharest Stock Exchange yesterday. NEPI is the first real estate investment company listed on the BSE, a press release informs.
“Although the stock market in Romania is relatively small, it will grow in time. NEPI’s listing in Bucharest would make the share more accessible to Romanian investors that are looking for an alternative investment denominated in Euro in a transparently managed group offering attractive cash dividends”, Martin Slabbert, CEO of NEPI said. The listing was intermediated by Intercapital Invest and BCR.
The Company is also listed on the main board of the Johannesburg Stock Exchange (South Africa) and the AIM market of the London Stock Exchange.
Subsequent to the private placing, which is expected to further improve liquidity of NEPI’s shares, NEPI’s market capitalization will be in excess of some EUR 300 million, making it the 10th largest company listed on the regulated market of BVB.