Frasers Logistics announces details of $476 mil equity fund raising for acquisition of 21 properties in Germany, Holland

SINGAPORE (May 10): The manager of Frasers Logistics & Industrial Trust (FLT) has released details of its planned equity fund raising to raise gross proceeds of $476 million for its foray into Europe.

See: Frasers Logistics Trust buys portfolio of 21 properties in Germany, Holland from sponsor for $515 mil

The equity fund raising consists of a private placement of between 333.2 million and 345.8 million new units, at an issue price of between $0.962 and $0.987 each to raise gross proceeds of between $328.9 million and $332.7 million.

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