Brief: Banimmo: Sale Of Mercure Golf Hotel In Chantilly, France

Banimmo SA

19/12/2019 17:34

Dec 19 (Reuters) - Banimmo SA  BANI.BR :
    * REG-SALE OF THE MERCURE GOLF HOTEL IN CHANTILLY, FRANCE
    * SALE IS BASED ON A PROPERTY VALUE OF 31.5 MILLION EURO
    * CONFERINVEST NV, A 100% SUBSIDIARY OF BANIMMO NV, HAS SOLD
ENTIRETY OF SHARES OF SAS GOLF HOTEL DE CHANTILLY TO AUMALIA SA
    * TRANSACTION ALSO COMPRISES SALE OF ADJACENT GOLF COURSE
GOLF DE
CHANTILLY
    * FOLLOWING THIS TRANSACTION, BANIMMO ENDS ITS OPERATIONAL
ACTIVITIES IN FRANCE, AS OF NOW ENTIRELY FOCUSSING ON ITS
DEVELOPMENT ACTIVITIES IN BELGIUM
    * BANIMMO CLOSES 2019 WITH DIVESTMENT OF A NUMBER OF
NON-STRATEGIC
POSITIONS AND AN IMPROVEMENT OF OCCUPANCY RATE OF ITS CURRENT
PORTFOLIO IN LONG TERM

Source text for Eikon:  ID:nNDL4FmZpY 
Further company coverage:  BANI.BR 

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