WCM Beteiligungs- und Grundbesitz-AG announced a private placement of 13,680,255 new bearer shares at a price of 4.95 per share for gross proceeds of 6,717,262 on May 31, 2021. The transaction will include participation from returning investor TLG IMMOBILIEN AG. Post the transaction, the investor will hold 94.94% stake in the company.
The transaction has been approved by the supervisory board of the company. The shares issued will be entitled to dividend.