UK property company Hansteen has announced a conditional placing of 53,435,115 new ordinary shares in order to raise £70 mln (EUR 104 mln) proceeds 'to be used to accelerate the assembly of property portfolios, particularly in Continental Europe'. The placing, at a price of 131 pence per share, is dedicated to institutional investors and has been underwritten by KBC Peel Hunt. The company indicated that admission to trading on AIM is expected for March 26, 2007.
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