GTC plans share issue

The management board of property developer Globe Trade Centre (GTC) has recommended the issue of up to 140 million shares with drawing rights, the company said in a press release on Monday. The issue should be approved by an EGM on October 13. “GTC is in good shape to take advantage of the attractive investment opportunities that we have identified to stimulate company growth,” the company’s CEO Thomas Kurzmann was quoted as saying. “The potential acquisitions, to be partially financed with the new capital, will enhance GTC’s investment portfolio, effectively creating shareholder value.” The company continues to be focused on the CEE and SEE markets in terms of investment, the statement also said.