Deals
Capital & Counties to Sell Shares to Fund Purchases, Projects
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Capital & Counties Properties Plc, the London company formed in last year’s breakup of Liberty International, announced a share sale to fund acquisitions and renovate properties in Covent Garden.
CapCo will sell 62.1 million new shares, equivalent to almost 10 percent of its outstanding stock, the company said today in a statement, without indicating a price. If the shares were sold at the current price, CapCo would raise about 100 million pounds ($165 million).