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Deloitte Legal Advises Shopper Park Plus on Budapest Stock Exchange Share Issuance

Deloitte Legal Advises Shopper Park Plus on Budapest Stock Exchange Share Issuance

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Deloitte Legal has advised Shopper Park Plus on its euro-denominated share issuance on the Budapest Stock Exchange. Huempfner & Associates and Allen & Overy reportedly advised on the matter as well.

Shopper Park Plus owns a portfolio of 18 retail properties in Central and Eastern Europe.

According to the Budapest Stock Exchange, this was the first ever Euro-based share issuance it has hosted.

"Through an initial public offering, Shopper Park Plus raised a total of EUR 37.2 million in capital, placing its shares into the BSE Premium Category [...] It aims to become the owner and operator of the biggest shopping park in the region in the medium term, and going public could do a lot to help it achieve this goal," the BSE announced.

The Deloitte Legal team included Partners Linda Al Sallami, Peter Gondocz, and Gabor Koka and Senior Associate Sara Rideg.

Editor's Note: After this article was published, Allen & Overy confirmed it had advised the IPO arrangers, OTP Bank and Concorde Securities. The firm's team included Counsel Norbert Hete and Associate Zsuzsanna Gordos.

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