Wed, May
52 New Articles

Rymarz Zdort Advises GTC on EUR 123 Million Share Issuance

Rymarz Zdort Advises GTC on EUR 123 Million Share Issuance

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue