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Next Issue Monday
13 September 2010
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27-29 September 2010
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25-26 October
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17-18-19 November 2010
Cannes, France
UK's Hansteen takes Kenmore fund stake, may make full offer at £57m
UK-listed Hansteen Holdings is to apply to issue 4.1m new shares at 10p each as part of a consideration for an investment of 12% in Edinburgh-based Kenmore European Industrial Fund, whose parent group has applied for insolvency protection in British courts. KEIF owns properties in central Europe and Scandinavia. Hansteen confirmed that an approach has been made to KEIF in relation to a potential full offer on the same terms which would value KEIF at £57m. (See upcoming PIE/PFE editions for full story)