Brief: Eildon Capital Says Enters Binding Agreement To Dispose Of Its 35% Interest In 79 Logan Road Trust
05/04/2023 01:56
April 5 (Reuters) - Eildon Capital Ltd EDC.AX :
* ENTERED INTO A BINDING AGREEMENT TO DISPOSE OF ITS 35%
INTEREST
IN 79 LOGAN ROAD TRUST TO JOINT VENTURE PARTNERS CVC AND URBAN
* INDEPENDENT BOARD COMMITTEE UNANIMOUSLY RECOMMENDS THAT
GROUP
SECURITYHOLDERS VOTE IN FAVOUR OF TRANSACTION
* DISPOSAL FOR A$8.4 MILLION
* DISPOSAL WOULD RESULT IN NET PROCEEDS OF A$6.9 MILLION
Source text for Eikon: ID:nASX8brx4N
Further company coverage: EDC.AX
((Reuters.Briefs@thomsonreuters.com;))
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