of Eleni Botas
With the Latsco investment scheme of Marianna Latsi and the investment fund Orasis of George Eliot and aiming to raise up to 98.07 million euros, the real estate development company Dimand is preparing to enter the Main Market of the Athens Stock Exchange.
The two investment schemes are committed to cover up to 25% of the new shares that will be issued under the public offering.
The new shares will be available through a public offering (6,213,100 new shares) and a parallel sale to a limited number of persons (325,000 shares).
In addition, the coordinators of the main contractors have the right to purchase (greenshoe Option) up to 931,800 existing shares owned by the current common shareholders, in proportion to the percentage held by each, under an additional share allocation clause to cover any increase in demand.
The range of the offering price was set between 10.7 and 15 euros per share. The final offering price will be determined based on the bids submitted by the Special Investors within the range. The offering price of the shares to the staff will be 10% lower than the price in the public offering.
It should be noted that Dimand in cooperation with the American investment fund HIG and Premia Properties claims the Skyline project of Alpha Bank, which concerns the transformation of the subsidiary Alpha Urban Real Estate, with the parallel utilization of real estate with a total value of 500 million euros.
The company participates in major projects such as the construction of the new emblematic stadium of AEK, the renovation of the historic building of Papastratos in Piraeus and the Tower of Piraeus in collaboration with Prodea Investments.
Also, the company a few months ago acquired the historic Minion in Patision with a price that exceeded 25 million euros in the relevant tender.
The company has also undertaken the renovation of the former property of the Athenian Paper Mill (Softex) in Votanikos, an area of 50 acres, while its portfolio included areas such as 12,000 sqm plots in Mykonos, where construction of 20 holiday homes is underway. the development of projects such as Kaizen in Maroussi, while agreements are expected to be reached for the sale of real estate in Athens, Maroussi, Peania and Thessaloniki.
At the same time, the company will continue to claim PPP projects such as the Innovation Center in Athens and the General Secretariat of Infrastructure.
Source: Capital
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