EBRD mulls acquiring stake in the Griffin Premium IPO

The European Bank for Reconstruction and Development may buy 5-10 percent stake in the upcoming Griffin Premium Real Estate IPO, the bank said in a press statement. “According to the framework agreement, EBRD may acquire shares in the Offering representing no less than 5 percent and no more than 10 percent of the share capital of the Company for the PLN equivalent of up to €20 million," the statement read. Real estate firm Griffin Premium plans to float up to 74.3 percent of company’s shares on the Warsaw bourse and set a maximum PLN 6.5 price per share.