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The Luxembourg Stock Exchange (LuXSE) is pleased to announce that the shares of Orco Property Group (Orco) were admitted to trading on 2 October 2015.
Orco is a Luxembourg-based real estate investor and developer that has been active in Central and Eastern Europe since 1991. It focuses on prime locations in the capital cities of Germany, the Czech Republic, Hungary, Poland, Croatia and Slovakia, with a strong presence in Prague, Warsaw and Budapest. The company has an average market capitalisation of EUR 75 million.
A total of 314,507,629 ordinary shares (ISIN LU0122624777) with a par value of EUR 0.10 each, representing the entire share capital of the company, were listed and admitted to trading on the regulated market of LuxSE.
Being established in Luxembourg, Orco has stated that it would like to have its presence supported by the listing of its shares in the Grand Duchy. This share listing by Orco joins two existing bond listings of the company that are already listed in Luxembourg.
