Deutsche EuroShop AG acquired 25% stake in Six shopping centres in Germany for ?300 million.
Deutsche EuroShop AG (XTRA:DEQ) completed the acquisition of 25% stake in Six shopping centres in Germany on January 20, 2023. The share acquisitions were financed by means of a capital increase with subscription rights against cash and non-cash contributions. The DES management raised ?315.6 million by issuing 14,680,725 new shares at a ratio of 21:5 and a subscription price of ?21.50 per share. Deutsche EuroShop has acquired minority interests in the six shopping centers for approximately ?300 million.