Brief: Frasers Hospitality Trust Says To Divest Sofitel Sydney Wentworth For A$315.0 Million

Frasers Hospitality Trust

29/10/2021 02:39

Oct 29 (Reuters) - Frasers Hospitality Trust  FRHO.SI :
    * TO DIVEST SOFITEL SYDNEY WENTWORTH FOR A$315.0 MILLION
    * NET PROCEEDS FROM DIVESTMENT ARE ESTIMATED AT A$282.5
MILLION
    * ESTIMATED NET GAIN ON DIVESTMENT WOULD BE A$24.1 MILLION

Source text for Eikon:  ID:nSN8YPzvF 
Further company coverage:  FRHO.SI 

 ((Reuters.Briefs@thomsonreuters.com;))