EBRD buys 4.4% stake in Globalworth

The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4% stake in real estate developer Globalworth, whose portfolio in Romania reached EUR 1.08 billion at the end of September. In total, Globalworth has attracted EUR 340 million through a new share offer. The funds will be channeled to investment projects in Romania and Poland. The company is currently listed on the London Stock Exchange’s Alternative Investment Market (AIM). Last month, Globalworth announced it was expanding to Poland, where it submitted an offer to purchase a minimum of 50.01% and a maximum stake of 67.95% in the Polish developer Griffin Premium. Globalworth is one of the largest investors and developers of office space in Romania. In the summer, Globalworth issued corporate bonds with a total value of EUR 550 million on the Bucharest Stock Exchange (BVB), the largest issuance of this type in the history of the Romanian capital market. The bonds were also listed on the Irish market. editor@romania-insider.com