Árima to Undergo €100-million Capital Increase

3 October 2019 – The socimi Árima intends to conduct a €100-million capital increase to continue with its strategy of pursuing growth through the acquisition real estate assets.

The firm announced that it would seek to approve the increase at an extraordinary shareholders meeting scheduled for November 5.

The capital increase will be directed towards new investors since the current partners will not have the right to first refusal over the emission.

Original Story: Europa Press

Adaptation/Translation: Richard D. K. Turner