Heuking Kühn Lüer Wojtek successfully advises Accentro on cash capital increase

A team led by Cologne-based Partner Dr. Thorsten Kuthe advised Accentro Real Estate AG and its joint bookrunners Baader Bank Aktiengesellschaft and Quirin Privatbank AG on a cash capital increase as transaction counsel. Within a short period, 2,120,000 shares were placed, so that the capital increase was increased from up to EUR 1.6 million to EUR 2.12 million due to the high demand.

Using an accelerated placement procedure, the new bearer shares were placed with institutional investors in private placement and are entitled to dividends from January 1, 2018. The shares were issued at a placement price of EUR 9.50 per share. Accentro intends to use the proceeds from the issue, EUR 20.14 million before commissions and costs, to acquire residential real estate for privatization.

The new shares are expected to be admitted to trading without prospectus on October 18, 2018 and to be included in the existing listing in the subsegment of the regulated market with additional post-admission obligations (Prime Standard) at Frankfurt Stock Exchange on October 19, 2018. The transaction was advised by Victoria Partners as financial advisors.

Counsel to Accentro Real Estate AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Miriam Schäfer,
Anna Richter, LL.M. (all Capital Markets), all Cologne