Argo advises De Persgroep on the sale of its Kobbegem site to Warehouses De Pauw
Argo has advised De Persgroep on its contribution in kind of its renowned Kobbegem site into the public Regulated Real Estate Company (GVV) Warehouses De Pauw (WDP), as well as the subsequent private placement of the shares in WDP acquired by De Persgroep.
The contribution in kind resulted in a capital increase of WDP of approximately EUR 13 million. The subsequent private placement of the shares issued to De Persgroep was conducted by KBC Securities, who has placed the shares with a broad base of institutional investors. In the framework of this private placement, Argo advised both De Persgroep and KBC Securities as transaction counsel.