Brief: Briq To Merge With Intercontinental International REIC

BriQ Properties REIC

23/02/2023 16:19

Feb 23 (Reuters) - BriQ Properties REIC  BRIQr.AT :
    * SIGNS AGREEMENT UNDER WHICH CO WILL PROCEED WITH A MERGER
THROUGH THE ABSORPTION OF INTERCONTINENTAL INTERNATIONAL REIC
    * TRANSACTION WILL BE CONCLUDED IN THREE STAGES
    * ICI TO TRANSFER 17 PROPERTIES TO CO FOR A TOTAL PRICE OF
EUR
60.6 MILLION
    * IN SECOND STAGE AJOLICO WILL TRANSFER BY SALE TO CO 25.92%
EQUITY OF ICI FOR EUR 10.2 MILLION
    * IN THIRD STAGE CO WILL PROCEED MERGER THROUGH ABSORPTION
OF ICI
AND EXCHANGE OF ONE OF ICI SHARE FOR EVERY 1.41 NEW SHARES THAT
CO WILL ISSUE

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