January 24 (SeeNews) - Slovenian real estate company Equinox plans to start trading its shares on the Ljubljana Stock Exchange on January 31, becoming the first real estate joint-stock company to join the bourse, it said.
The initial value of its shares will be between their book value and fair value, estimated on the basis of the assets owned by the company, it said in a statement on Friday.
You can subscribe to our M&A newsletter here
Equinox's real estate portfolio includes hotel and business real estate in central Ljubljana with a total area of 68,006 square metres, with an estimated value of about 100 million euro ($113.3 million).
"The purchase of the company's shares offers an interesting alternative to traditional investments for investors or shareholders who wish to receive returns at manageable risk," Equinox CEO Matej Rigelnik said at a news conference.
Equinox aims to be the largest real estate company in the organised capital market in Slovenia, Rigelnik said.
Slovenia's Securities Market Agency approved on January 13 a prospectus for listing the listing of 1,793,869 Equinox shares on the standard quotation segment of the Ljubljana Stock Exchange.
($ = 0.8826 euro)