Caravan Completes First Stage of Private Placement
4 June 2008
One of Ukraine’s largest operators of commercial real estate, Caravan, completed the first stage of a private placement, offering less than a 10% stake to investors for USD 55 mln. A company representative said that the second stage is nearly completed and the total placement will, in total, offer under a 20% stake. Caravan operates shopping centers, hypermarkets, restaurants, and boutiques. Its eponymous flagship entertainment and recreational complex is based in Kyiv.
