Shurgard, European leader in self-storage, announced Monday the conditions of its entry into the Brussels Stock Exchange. The Luxembourg-based company intends to raise approximately 575 million euros via a private placement by "qualified institutional buyers" in the United States and other institutional investors worldwide.
The price range of the offer has been established between 23 and 28 euros per share. Thus the close to 575 million euros will represent between 20.5 and 25 million shares, and Shurgard’s market capitalization will vary from 2 to 2.4 billion euros.
The offer period starts on Monday and will end on 11 October.
The Brussels Times
