Brief: Gobarto Signs Investment Agreement With Fedezu Group

Gobarto SA

05/06/2019 07:13

June 5 (Reuters) - Gobarto SA  GOBP.WA :
    * SAID ON TUESDAY IT HAS SIGNED INVESTMENT AGREEMENT WITH
FEDEZU
GROUP SPECIFYING TERMS OF COOPERATION BETWEEN PARTIES
    * THE AGREEMENT HAS BEEN CONCLUDED TO CARRY OUT DEVELOPMENT
INVESTMENT ON THE PART OF COMPANY'S REAL ESTATE 
    * UNDER AGREEMENT COMPANY UNDERTAKES TO SET UP A SPECIAL
PURPOSE
ENTITY WHICH WILL CARRY OUT THE INVESTMENT PROJECT, CONTRIBUTE
TO THE SPE IN THE FORM OF ITS REAL ESTATE AND SELL THE REMAINING
PART OF THE SAID REAL ESTATE TO FEDEZU GROUP
    * PARTIES PLAN TO SEEK EXTERNAL FINANCING VIA SPE CONCLUDING
LOAN
AGREEMENT WITH A BANK  

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM874Ys0a
    
 Further company coverage:  GOBP.WA  
   


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