NSI announces a €300 million equity placement (NL)

NSI  announced a placement of new ordinary shares at an offer price of €4.00 per Share in order to raise €300 million. The proceeds of the Placement will be used to strengthen NSI’s balance sheet and take advantage of potential market opportunities in the Dutch market.


The company is raising €300 million by offering 75 million new Shares in a private placement to qualified investors in the Netherlands and certain other jurisdictions.


A group of investors, including CBRE Clarion Securities and Cohen & Steers UK Limited, have pre-committed to participate for a total amount of approximately €220 million.


The remainder is underwritten by ABN AMRO, ING and Rabobank who will procure qualified investors to subscribe for these Shares.


Payment for, and delivery of, the Shares is expected to take place no later than Wednesday, 27 November 2013, on which date the Shares are also expected to be admitted to listing and trading on NYSE Euronext in Amsterdam.


Source: NSI

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