SeniVita Social Estate plans capital reduction ahead of IPO

German care homes developer SeniVita Social Estate is to embark on a capital reduction ahead of a long-awaited IPO in Frankfurt. The 5:1 reduction in capital from €10 million (US$11.3 million) to €2 million was approved at the annual general meeting. In a statement, the group emphasised that the capital reduction will not change the…

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