Austrian real estate developer and investor Warimpex has announced the launch of a EUR 54 mln capital increase as it seeks to take advantage of a recovery in the financial markets. The Vienna-listed group said that it will issue around 14.4 million new shares, representing 36.4% of the company capital, in a combined rights offering and share offering ending on May 10, 2010. The company has set the price of the offer at a maximum of EUR 2.80 per share. The new shares will be offered in the rights offering to existing shareholders at a ratio of four new shares for every 11 existing shares.
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