Brief: British Automotive Holding Unit Sells Real Estate For 14.0 Mln Zlotys

British Automotive Holding w Upadlosci SA

03/04/2020 08:48

April 3 (Reuters) - British Automotive Holding SA  BAHP.WA :
    * SAID IN THURSDAY THAT ITS UNIT BRITISH AUTOMOTIVE GDANSK
(BAG)
HAS SIGNED SALES DEAL WITH MARVIPOL DEVELOPMENT UNIT, MARVIPOL
GDANSK GRUNWALDZKA (MGG) 
    * THE SUBJECT OF THE DEAL IS THE SALE BY BAG TO MGG OF
OWNERSHIP
OF REAL ESTATE ALONG WITH WITH TRANSFER OF RIGHTS TO PROJECT
DOCUMENTATION FOR A TOTAL OF 14.0 MILLION ZLOTYS NET
    * THE SALE BY BAG OF REAL ESTATE IS JUSTIFIED BY THE FACT
THAT THE
PROPERTY IS NOT AN ASSET NECESSARY FOR BAG OR THE GROUP TO RUN
THEIR CORE BUSINESS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5WwBLqa
    
 Further company coverage:  BAHP.WA  
   


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