February 23, 2017 / 4:53 PM / in 5 months

BRIEF-Corestate Capital Holding to increase capital by up to 996,318 new shares

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Feb 23 (Reuters) - Corestate Capital Holding SA:

* Approval of a capital increase of up to 74,723.86 euros ($79,066) by the issuance of up to 996,318 new shares; placement of shares by way of an accelerated bookbuilding process

* Capital increase of up to 74,723.86 euros by issuance of up to 996,318 new shares

* Intends to use proceeds for warehousing purposes, i.e. acquisition of certain real estate assets on its own account prior to converting them into investment products for its clients Source text for Eikon: Further company coverage: ($1 = 0.9451 euros) (Gdynia Newsroom)

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