Gabetti Property Solutions (BIT:GAB) announced a private placement of shares for gross proceeds of €11,920,237 on September 14, 2012. The transaction will happen in one or more tranches and is expected to close by December 31, 2018. The issue price of the shares will be determined in measure corresponding to the weighted average of the listings of the company's share in the last semester antecedent to the date in which the company's board of directors will implement the capital increase of the banks.

The transaction has been approved at the company's shareholders' meeting. The company will issue common shares in the transaction. The transaction will include participation from credit institutions.