27/06/2014 – Bloomberg
Facing diminishing apetitte of property investors, new Spanish Socimi (REIT-alike firm) Merlin Properties felt obliged to decrease the amount of its initial public offering to €1.25 billion, instead of originally planned €1.5 billion.
The trust will trade 125 million shares at 10 Euros each. It has already raised €600 million in committed funds from Moore Capital Management LLC, among other investors.
Credit Suisse Group AG (CSGN), UBS AG and Deutsche Bank AG coordinate and underwrite Merlin’s IPO. Freshfields Bruckhaus Deringer LLP act as legal advisors.
Original article: Bloomberg (by Ruth David)
Summary: AURA REE