Raven Russia Pays $215M For Warehouse Complex

Law360, New York (April 30, 2012, 1:28 PM EDT) -- Warehouse developer Raven Russia Ltd. is buying a Russian logistics complex for $215 million from an Aareal Bank AG unit, and will be selling $104 million of new company shares to help fund the purchase, it said Monday.

To scoop up the 213,000-square-meter (2.3-million-square-foot) Pushkino Logistics Park, Raven Russia is purchasing all the shares of shell company CJSC Toros from PLP Holding GmbH. In turn, the real estate developer is offering up 48,414,250 new preference shares of its own company stock at a price of 134...
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