Brief: Event Hospitality And Entertainment Says Entered Into Unconditional Contract With Jd North Sydney Services And Jd North Sydney Business

EVT

27/05/2022 09:15

May 27 (Reuters) - Event Hospitality and Entertainment:
    * ENTERED INTO UNCONDITIONAL CONTRACT WITH JD NORTH SYDNEY
SERVICES AND JD NORTH SYDNEY BUSINESS
    * ENTERED UNCONDITIONAL CONTRACT FOR SALE OF RYDGES NORTH
SYDNEY
FOR SALE PRICE OF A$75 MILLION
    * PROCEEDS FROM SALE WILL BE USED TO REDUCE DEBT IN SHORT
TERM AND
PROVIDE FURTHER FUNDING CAPACITY
    * CURRENTLY PURSUING SALE OF RYDGES ROTORUA SUBJECT TO
MARKET
PROCESS AND ACHIEVEMENT OF ACCEPTABLE PRICE

Source text for Eikon:  ID:nASX61Y0hL 
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 ((Reuters.Briefs@thomsonreuters.com;))