Gazit-Globe (GZT) announced the closing of its public offering of 10.4 million shares at a price of NIS 47.9 per share or approx. US$13.25 per share.
The company said the gross proceeds are about NIS 500 million or approx. US$138 million.
Gazit-Globe stated that it intends to use the proceeds from the offering for general corporate purposes and to reduce outstanding lines of credit.
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