Published On:
Sun, Jul 26th, 2015
ADO raises $453 million on Frankfurt Stock Exchange
ADO Properties owns 250 assets, mostly residential income-producing properties in Berlin.
ADO Europe Ltd.’s (TASE: ADO) successful gamble on the German real estate market received official vindication yesterday in the form of a giant €415 million ($453.6 million) financing round through an IPO on the Frankfurt Stock Exchange by its ADO Properties subsidiary (Frankfurt: ADJ). The amount raised is likely to rise to €460 million ($502.8 million)…
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Published by Globes [online], Israel business news – www.globes-online.com
Read more about: A.D.O GROUP LTD, ADO Shikun & Binui Holdings Ltd., Business/Finance, Financial Services Limited, Frankfurt Stock Exchange, Germany, HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD, Ofer Kotler, Rabin Savion, Real Estate Market, Shari Arison, Shlomo Zohar, THE PHOENIX HOLDINGS LTD, THE TEL-AVIV STOCK EXCHANGE LTD