GTC to issue shares, stock rate declines
12:07
Poland' real estate development company GTC will issue shares, according to the CEO, Thomas Kurzmann. The particular proposal for shareholders is to be made in H1 2015. Stock price of the firm dropped by 16.6 percent on Monday morning.
The company had previously informed that due to a €132 million decrease in market value in 2014, it would issue shares.
GTS was established in 1994 and has been operating in 10 countries: Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.
