Engel East Europe lists in UK

Engel Resources and Development unit EEE raised NIS 243m. in a listing on the Alternative Investment Market of the London Stock Exchange.

Engel Resources and Development unit Engel East Europe (EEE) raised NIS 243 million in a listing on the Alternative Investment Market of the London Stock Exchange. EEE, a real estate company, said it issued 27.8m. new shares at 107 pence each, giving it a market capitalization of NIS 768m. The stock issue represented 32% of the company and was 25% oversubscribed.