Yesterday night, Instone Real Estate Group, a German real estate development company, successfully priced its EUR 427.9 million private placement (including over-allotment). The Instone shares are expected to be admitted to trading on the Frankfurt Stock Exchange tomorrow, February 15.
Later this year, Instone is planning to implement - subject to certain tax rulings, a favorable shareholder decision and certain other conditions - an unprecedented cross-border conversion: the first cross-border conversion of a listed Dutch company being implemented purely on the basis of European case law. We are proud to have acted as Dutch counsel to Instone, alongside Sullivan & Cromwell.
The NautaDutilh team was led by Paul van der Bijl and Antonia Netiv, with invaluable support from Martin Grablowitz, Chris Warner, Jules van de Winckel, Dewi Walian, Pedro Paraguay, Sabrina Legerstee, Tom Vincken, Koen Biesma and Daan Hagelstein.