Overflowing the value of a company Alrov Real Estate In Switzerland moving away: Today, the controlling investment company reported Alfred Akirov, Because its subsidiary Epic Suisse has notified it of the postponement of the date of issue of its shares for the first time on the Swiss stock exchange, due to market conditions, “but will continue to explore opportunities for issuance in the future.”
Stock Alrov , Which operates in the fields of income-producing real estate and hotels, fell by about 9% in response and completed a dive of almost 40% since the beginning of the year (after recording a recent recovery under the planned IPO). The company’s market value now stands at NIS 2.3 billion.
Last week, Alrov reported the publication of the prospectus, according to which Afik Suisse, which operates in the field of income-producing real estate in Switzerland, will try to issue its shares to the public at a value of 695-778 million Swiss francs (NIS 2,592-2.902 billion) after the money.
Afik planned to raise 200 million NIS from the public, so that the company’s value before the IPO (before the money) will be 495-578 million NIS. As of the end of June this year, Afik presented an equity capital of 481.6 million per share, so that the requested value in the issue (before the money) reflected a capital multiplier of 1.03-1.2.
Alrov holds 77.8% of Afik’s shares, so its share in the subsidiary’s equity was 375 million at the end of June (NIS 1.4 billion). NIS 1.365 billion (according to the exchange rate on that date).
*The article has been translated based on the content of Source link by https://www.globes.co.il/news/article.aspx?did=1001343924
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!