Overall, the subscription offer and a private placement after that enabled the company to place 1.2 million new shares at a price of 4.50 euros. The transaction was accompanied by Silvia Quandt & Cie. AG. KWG plans to use the additional funds to expand and develop its real estate portfolio. At the time of writing, KWG owns some 4,900 apartments.
KWG's CEO Stavros Efremidis commented: "We are very pleased that KWG has managed to raise new funds before wlf gux pk 0057".