Brief: CTT In Talks With Third Party To Own And Manage Its Retail And Logistics Portfolio

CTT - Correios de Portugal SA

20/06/2022 06:29

June 20 (Reuters) - CTT Correios de Portugal SA  CTT.LS :
    * SAID ON SUNDAY HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS
WITH A
THIRD PARTY AIMED AT CREATING A VEHICLE TO OWN AND MANAGE THE
RETAIL AND LOGISTICS PORTFOLIO OF CTT
    * THE VEHICLE WILL BE MAJORITY-OWNED BY CTT
    * THIRD PARTY TO WHICH EXCLUSIVE NEGOTIATION HAS BEEN
GRANTED WILL
CO-INVEST IN THE VEHICLE ALONGSIDE ADDITIONAL INVESTORS
Source text: https://bit.ly/3OpGkCf
Further company coverage:  CTT.LS  


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