Brief: Frigo-Pak To Sell Real Estate For 88.5 Mln Lira To Ziraat Katilim Bankasi Through Sale And Leaseback Transaction

Frigo-Pak Gida Maddeleri Sanayi ve Ticaret

25/05/2023 06:33

May 25 (Reuters) - FRIGO-PAK  FRIGO.IS :
    * SAID ON WEDNESDAY TO SELL REAL ESTATE FOR 88.5 MILLION
LIRA TO
ZIRAAT KATILIM BANKASI THROUGH SALE AND LEASEBACK TO MEET
FINANCIAL NEEDS OF OUR COMPANY AND PROVIDE ADDITIONAL RESOURCES
    * TO SIGN FINANCIAL LEASE AGREEMENT WITH ZIRAAT KATILIM
BANKASI TO
LEASE LAND FOR 24 MONTHS IN EQUAL INSTALMENTS AND TO TAKE BACK
OWNERSHIP OF LAND ON MATURITY DATE OF LAST RENTAL PRICE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA1ZWV06
 Further company coverage:  FRIGO.IS  

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