Echo Polska announces R2.2bn in accelerated book build

Hadley Dean, Echo Polska
Hadley Dean, CEO of Echo Polska Properties.

JSE listed Polish property group Echo Polska Properties NV (EPP) today raised approximately R2,2 billion in an accelerated book build through the placing of  118 918 918 new shares at a price of R 18.50 per share. Capital will be used for previously announced acquisitions and for further acquisition opportunities in the retail segment within Poland.

Read the SENS announcement here.