Befimmo Issues New Shares

September 28, 2016

Cleary Gottlieb represented Befimmo, a Belgian-listed regulated real estate company, in its offering of new shares with priority allocation rights in a public offering in Belgium and a placement with qualified investors elsewhere.

Befimmo successfully placed all new shares offered for a total consideration of EUR 127 million. The subscription period started on September 15 and ended on September 22, 2016, and it was followed by an accelerated book-built offering of the unexercised rights. The new shares have been issued and admitted to listing and trading on Euronext Brussels on September 27, 2016.

ING Belgium and Kempen & Co acted as global coordinators, and ING Belgium, Kempen & Co, Belfius Bank, BNP Paribas Fortis and KBC Securities acted as joint bookrunners.