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Provider: Reuters Investment Profile
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East Capital Explorer AB Exits Holding in East Capital Bering New Europe Fund


Tuesday, 21 May 2013 01:00am EDT 

East Capital Explorer AB announced that it has decided to exit East Capital Bering New Europe Fund and is expected to receive the first installment of approximately EUR 5 million within a week from May 21, 2013. The remaining portion of the Company's holding in the Fund is expected to be distributed within three to six months. Part of the proceeds will be reinvested in the recently announced direct investment into Starman, and for a drawdown for previously committed capital to East Capital Baltic Property Fund II for acquisition of a retail property in Latvia. 

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