Davento Ltd Listed on FSE
17 January 2008
According to Interfax, Davento Ltd, a parent company of Ukrainian VK Development (VKDK: N/R) placed USD 61.4 mln in depository receipts (ADRs and GDRs). The company’s GDRs started trading on the Frankfurt Stock Exchange on Tuesday. The company’s MCap at placement amounted to USD 600 mln. Investors who previously purchased VKDV stock (listed on PFTS) were given the opportunity to swap their shares for DRs of the parent Davento Ltd. Alexander Romanov: Davento’s portfolio encompasses eleven commercial and warehouse projects with a total area of 700 ths m2. The company almost doubled the size of its portfolio since at VKDK’s placement in November 2006.
