03 Nov 2005
Coffeeheaven raises cash for expansion
Eastern European coffee bar chain Coffeeheaven International has secured equity funding of £5.2m (7.7m euro, US$9.2m) through a placing with institutional investors to finance its expansion into Central Europe.
The company also aims to raise a further £1.06m (1.6m euro, US$1.9m) from existing shareholders.
The chain currently consists of 38 branded coffee/sandwich bars throughout Poland, the Czech Republic and Latvia. Details: www.coffeeheaven.eu.com
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