Shares in Danish hippy haven "worth more than money"

Thu Sep 22, 2011 9:59am EDT
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By John Acher

COPENHAGEN (Reuters) - Christiania, a celebrated Danish hippy enclave and heart of the Copenhagen cannabis trade, will mark its 40th anniversary on Monday and sell shares to the public to raise funds to get the government finally off its back.

Proceeds from Christiania "People's shares" will go into a fund to carry out a 76-million-crown ($14 million) real estate deal with the government which will give Christianites the right to stay on property where they have been squatting since 1971.

"This is a way for people to participate in making sure Christiania remains part of the public heritage," said Risenga Manghezi, spokesman for the share sales campaign. "Anybody and everybody can buy it."

The shares in denominations of 20 crowns and up will not give holders any stake in the property or voting rights, so buying them amounts to a donation, the organizers said.

"It gives them ownership in something that is already theirs for free, so we feel it is a pretty safe investment," said Manghezi, who has lived in Christiania for a year.

A court ruled earlier this year that residents will be allowed to buy most of Christiania, a cluster of old brick barracks and brightly painted wooden structures built by squatters, from the state to end decades of dispute.

The shares of special certificates will be sold to the general public from Monday at bars and cafes in Christiania and on the Internet at: here

They bear the slogan "worth more than money."   Continued...