WDP shares fall around 3% after raising €400 million at €19.40
Belgian warehouse firm WDP raised €400 million via accelerated bookbuilding at €19.40 per share, a 4.7% discount; the deal was 5.4 times oversubscribed and demand exceeded deal size.
40 per share. 4 times oversubscribed. 40 per share risked receiving no allocation. WDP said proceeds will finance €265 million of newly identified investments in Germany, Italy, Benelux and Romania, as well as €160 million of land positions ahead of its planned merger with French peer Argan.
8811 euros)