Israeli conglomerate Delek raised £100 mln (EUR 150 mln) from the flotation of its property arm on London's AIM. Delek was looking to raise £150 mln, with a targeted price range of between £2.25 and £2.90 a share. The shares eventually traded in the £2.00 to £2.10 range. The offer price represents a discount of 23% on the company's net assets according to external valuations.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
