The Lewis Charles Romania Property Fund Ltd stated its intentions to float on the UK's Alternative Investment Market on August 2. Its anticipated market capitalisation will be GBP27.41 million. The fund intends to limit its investments to Romanian residential and commercial property.
The fund will be registered in the Channel Islands and will be a closed-ended fund. In total the fund will is seek to raise about GBP27.41 million at 140 pence per share. The company's said at admission to the exchange only 58 percent of its shares will be publicly tradeable.
Source: Thomson Financial
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