Brief: Develia Signs LOI with Solida Capital And Innova Capital

Develia SA

07/10/2024 06:21

Oct 7 (Reuters) - Develia SA  DVLP.WA :
    * SAID ON FRIDAY IT SIGNED A LETTER OF INTENT WITH INNOVA
CAPITAL
AND SOLIDA CAPITAL REGARDING COOPERATION ON THE DEVELOPMENT OF
PROJECTS RELATED TO STUDENT HOUSING
    * PLANNED COOPERATION ON AN ALTERNATIVE INDEPENDENT
INVESTMENT
FUND AND SPVS
    * DEVELIA TO PARTICIPATE IN JOINT INVESTMENT FOR 3 TO 5
PROJECTS
    * ANTICIPATED FUND STRUCTURE ASSUMES COMPANY PARTICIPATION
AT 10%
OF AGREED CAPITAL COMMITMENT, BUT NO MORE THAN EUR 15 MLN

        
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