Rymarz Zdort, working with Weil Gotshal & Manges in London, has advised the Globe Trade Center on its EUR 123 million issuance of series O bearer shares through an accelerated book-building process.
Santander, Erste Group, and Wood & Company acted as joint global coordinators and joint bookrunners on the transaction.
According to the firm, "numerous Polish and international investors placed a significant amount of demand declarations and exceeded the base offer comprising 55 million new shares. On the back of such strong demand, the company decided to increase the offer size by more than 60% and ultimately allocated 88.7 million shares at PLN 6.40 per share, raising approximately EUR 123 million, which will be used to strengthen the capital structure of the GTC Group and fund future growth."
The Globe Trade Center is a real estate investor and developer active in Poland, Hungary, Romania, Bulgaria, Serbia, and Croatia. The company’s shares are listed on the Warsaw Stock Exchange.
The Rymarz Zdort team included Partner Jakub Zagrajek.
The Weil Gotshal & Manges team included Partner Patrick Bright and Associates Sandra Fadel and Anish Mohanty.