Czech fund CTP postpones share offer until 2008

15.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech real estate fund CTP Property has postponed an initial share offering (IPO) until next year, planning to enlarge its portfolio valued at...

...900 million euros ($1.28 billion), its co-owner said on Monday.

The company had planned to list its shares in Prague and Amsterdam this or next year.

"The conclusion is not to do the IPO very quickly in the coming weeks, and ... rather create a larger portfolio," Remon Vos, CTP's managing director, told Reuters.

"Today, we have not agreed on the IPO (date) ... but the first quarter or the first half (of 2008) is realistic," Vos said in a brief telephone interview.

CTP Property aims to expand its rentable space by 354,000 square metres from a current 1 million square metres.

[PRAGUE/Reuters/Finance.cz]

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