Archicom shareholders to sell 13% stake in the company in ABB

WSE-listed real estate developer Archicom’s shareholders have begun the process of accelerated book-building (ABB), which aims to sell over 3 million shares representing a 13 percent stake in the company. The shareholders, DKR Investment and SK Investments, are controlled by the members of Archicom’s management board, and pledged to buy new shares issue of the developer, representing 10 percent stake. The ABB process will cover 3,026,157 shares representing 13 percent of the company’s capital and 10.26 percent of the voting rights. “Conducting an ABB transaction in conjunction with a new share issue declaration is the fastest way to raise additional funds, needed for further expansion of the company’s land bank,” Archicom CEO Dorota Jarodzka-Śródka said.