Wilhelm & Company is seeking to raise about €196 million in an initial public offering, Reuters reports. The Belgian property group intends to raise between €184.8 million and €196.3 million by listing 1.9 million real estate certificates.

The company will acquire 10% of the certificates, reserve 20% for public subscription and place the remaining certificates privately with institutional investors. It also intends to use the cash to acquire Mediacite, a shopping centre in the Liege region in the east of Belgium.

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