Brief: Eurazeo to Gain €35M from Grape Hospitality's Sale of 23 Hotels

Eurazeo SE

06/06/2024 17:00

June 6 (Reuters) - Eurazeo SE  EURA.PA :
    * EURAZEO ANNOUNCES THE SIGNATURE BY GRAPE HOSPITALITY OF AN
EXCLUSIVE AGREEMENT FOR THE SALE OF 23 HOTELS
    * TRANSACTION, EXPECTED TO BE COMPLETED BY END OF YEAR,
WOULD BE
CARRIED OUT AT VALUATION APPROXIMATELY 15% HIGHER THAN VALUE OF
PORTFOLIO IN EURAZEO'S FINANCIAL STATEMENTS AT 31 DEC 2023
    * SHOULD GENERATE NET PROCEEDS OF AROUND €35 MILLION FOR
EURAZEO'S
BALANCE SHEET, EXCLUDING ANY ADJUSTMENT BASED ON CLOSING
ACCOUNTS

Source text: https://shorturl.at/g7P1Y
Further company coverage:  EURA.PA 

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