New major shareholder for Adler Real Estate
Adler Real Estate has got a new major shareholder: Fairwater Real Estate Opportunities Fund, which invests throughout Europe, recently acquired 13.5% of shares by converting two convertible bonds due at the end of 2018. Fairwater is now the third largest shareholder after Mezzanine IX Investors S. A. (15.2%) and Wecken & Cie. (14.7%). Adler’s current free float amounts to almost 50%. The conversion of the two bonds increased the number of Adler shares by 12.9 million to 71.1 million, consequently raising the company’s market capitalization to over €900mn.
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