Brief: Iberpapel Gestion Signs Reservation Ticket For Forest Assets Of Los Eucaliptus

Iberpapel Gestion SA

26/04/2023 07:28

April 26 (Reuters) - Iberpapel Gestion SA  IBG.MC :
    * INFORMS THAT YESTERDAY RESERVATION TICKET FOR THE FOREST
ASSETS
OF THE COMPANY LOS EUCALIPTUS, S.A. WAS SIGNED
    * PRICE OF PURCHASE AND SALE AND TRANSFER OF POSSESSION
RIGHTS
RESERVED FOR ALL PROPERTIES IS FIXED AT SUM OF $55 MILLION
    * DEED OF SALE MUST BE EXECUTED WITHIN 90 WORKING DAYS FROM
DATE
OF SIGNATURE OF THE RESERVATION DEED
    * RESERVATION TICKET IS ANALOGOUS TO EARNEST MONEY CONTRACT
IN
SPANISH LAW
    * CONTRACT SIGNED WITH WINTERBOTHAM FIDUCIARIA S.A.
ADMINISTRADORA
DE FONDOS DE INVERSIÓN
    * IN EVENT OF NON-COMPLIANCE BY ANY OF THE PARTIES WITH THE
OBLIGATIONS OF RESERVATION TICKET, A FINE OF US$ 5.3 MILLION IS
FIXED
    * FOREST ESTATE COVERED BY RESERVATION TICKET COVERS AN AREA
OF
11,280.72 HECTARES AND REPRESENTS ABOUT 40% OF IBERPAPEL GROUP'S
FOREST ESTATE

Source text for Eikon:  ID:nCNM4z14mL 
Further company coverage:  IBG.MC 

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