Filip & Company has advised Bucharest Stock Exchange-listed One United Properties on its share capital increase.
"The process consisted of two stages: the first, with existing shareholders subscribing on the basis of pre-emptive rights, and the second stage, with new investors participating in the private placement," Filip & Company informed. "The final price per share for both stages was set at RON 1.25."
One United Properties is an investor and developer of residential, mixed-use, commercial, and office real estate in Bucharest.
"One United is one of the most dynamic issuers in our market," Filip & Company Partner Alexandru Birsan commented. "This fundraising in difficult market conditions is something very few could have achieved, a testament to their courage and creativity, and puts them in an enviable position to continue to be an extremely active player in the real estate market."
Last year, Filip & Company advised One United Properties on its Bucharest Stock Exchange IPO (as reported by CEE Legal Matters on July 14, 2021).
The Filip & Company team was led by Birsan and Partner Olga Nita and included Senior Associate Roxana Diaconu and Asssociates Anca Badescu, Rares Crismaru, and Daria Olteanu.