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A Manx company which invests in property in Eastern Europe is hoping to raise 40 million euros in a rights issue to shareholders.
New Europe Property Investments says the rights issue is underwritten, and the cash will be used for further acquisitions and investments.
NEPI invests in office, retail and industrial property in central and eastern European countries.
It's listed on London's Alternative Investments Market as well as the South African and Romanian markets.
RTLC defends taxi tariff changes
Prices have gone up and a higher overnight rate is now implemented from 11pm
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
