Brief: Bastogi, Brioschi sign prelim. contract for sale of real estate complex in Milan

Bastogi SpA

15/12/2017 16:48

Dec 15 (Reuters) - Bastogi SpA  BTGI.MI  
    * BASTOGI, BRIOSCHI SVILUPPO IMMOBILIARE SPA  BRUI.MI  
(Brioschi) 
AND ANTIRION SGR (COMPANY MANAGED BY FUND MEGATRENDS ITALIA, 
"FUND") SIGN PRELIMINARY CONTRACT FOR SALE OF REAL ESTATE 
COMPLEX IN MILAN  
    * BRIOSCHI SVILUPPO IMMOBILIARE AND CAMABO SRL (COMPANY 
CONTROLLED 
BY BASTOGI IN 51% AND BRIOSCHI IN 49%) WILL SELL THE REAL ESTATE 
COMPLEX 
    * TOTAL PRICE HAS BEEN SET AT EUR 102 MILLION IN ADDITION TO 
TAXES, WITH EUR 98.9 MILLION ATTRIBUTABLE TO BRIOSCHI AND ABOUT 
EUR 3.1 ATTRIBUTABLE TO  THE SINGLE PROPERTY SOLD BY CAMABO  
    * FINAL PRICE TO BE ESTABLISHED IN RELATION TO OUTSTANDING 
RENTS 
AT THE CLOSING DATE 
    * THE FUND HAS PAID AN ADVANCE OF EUR 10 MILLION 
    * THE DEED OF DEFINITIVE CONTRACT, WITH SIMOULTANOUS PAYMENT 
OF 
REMAINING PRICE, WILL HAPPEN AT THE END OF THE PRE-EMPTIVE 
PROCEDURE, PROBABLY BEFORE END OF MARCH 2018 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5RBYKh 
     
 Further company coverage:  BTGI.MI , {BRUI.MI] 
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))