Brief: Gateway Real Estate AG Sells Development Partner AG And Further Commercial Project Developments
03/02/2021 20:53
Feb 3 (Reuters) - Gateway Real Estate AG GTYG.DE :
* DGAP-ADHOC: GATEWAY REAL ESTATE AG SELLS DEVELOPMENT
PARTNER AG
AND FURTHER COMMERCIAL PROJECT DEVELOPMENTS
* GATEWAY REAL ESTATE - SIGNED SHARE PURCHASE AGREEMENT FOR
ALL
SHARES OF DEVELOPMENT PARTNER AS WELL AS ITS BUSINESS SHARES IN
3 FURTHER PROJECT COS
* COMPANY ENTIRELY ENDS ITS ACTIVITIES IN "COMMERCIAL
PROPERTIES
DEVELOPMENT" SEGMENT
* WILL ONLY CONCENTRATE ON RESIDENTIAL PROPERTIES AREA IN
FUTURE
* TOTAL SALES PROCEEDS ARE IN LOWER THREE-DIGIT MILLION EURO
RANGE
* POSITIVE DECONSOLIDATION RESULT ON BALANCE SHEET AT GROUP
LEVEL
IS EXPECTED IN LOWER DOUBLE-DIGIT MILLION EURO RANGE
Source text for Eikon: ID:nEQ3lGXtfa
Further company coverage: GTYG.DE
((Reuters.Briefs@thomsonreuters.com;))
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