Lone Star considers selling GTC stake

Belgrade business center gtc

Lone Star is considering a sale of its controlling stake in Poland-based developer Globe Trade Centre (GTC).

The US private equity firm has appointed JP Morgan and UBS to help review strategic options in relation to its controlling stake in the company.

“This includes a sale of its entire stake to a strategic or financial investor,” said Lone Star in a statement. “However, it is not contemplating a placing of any of its GTC shares in the public equity markets by way of an accelerated book building.”

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