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Monday, December 17, 2007

Equest may launch shares on local bourse.


Source: IntelliNews - Bulgaria Today




Equest may launch shares on local bourse. The UK private equity firm Equest Investment Balkans may launch shares on the local stock exchange and/or on the bourse in Romania . The fund may change its structure and managements of assets before the offering.Equest is also preparing an IPO of its subsidiary Lynx Properties, which controls the Romanian electronics trader Domo and the Bulgarian one Technomarket, that would take place on one of the two bourses or jointly on both markets in H1 next year. Equest collected EUR 64.5mn in a public offering on the alternative segment of the bourse in London a year ago and announced that it has invested EUR 72.8mn on the Balkans this year, more than 90% of which in new projects. The total number of the acquisitions has reached EUR 200mn when external financing added. The local portfolio of Equest includes real estates, financial companies, retail stores, and many other businesses and has become the first or second largest private equity investor in the country with roughly equal value of assets to those held by the US fund Gramercy. Among the major projects of the fund that started in the country this year are the acquisition of the three waste collection concessionaires in the capital city Sofia for EUR 45mn and the set-up of a joint venture with the Oman state investment fund to finance investments in the large-scale ski project Super Borovets, which is expected to attract investments in the tune of EUR 350mn until 2012.







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