Brief: IGD Signs Preliminary Contract For Acquisition Of Shoppoing Galleries And Retail Park For Eur 200 MLN, Plans Capital Increase

Immobiliare Grande Distribuzione SIIQ SpA

15/12/2017 17:12

Dec 15 (Reuters) - Immobiliare Grande Distribuzione Siiq Spa 
 IGD.MI  (IGD): 
    * SIGNS PRELIMINARY AGREEMENT FOR ACQUISITION OF PORTFOLIO 
OF 4 
SHOPPING GALLERIES AND RETAIL PARK FOR AROUND EUR 200 MILLION 
    * ANNOUNCES INTENTION TO LAUNCH UP TO 150 MILLION RIGHTS 
ISSUE TO 
PARTIALLY FINANCE ACQUISITION 
    * COOP ALLEANZA 3.0 COMMITTED TO SUBSCRIBE FOR ITS PORTION 
OF THE 
SHARE CAPITAL INCREASE (APPROXIMATELY 40.9%) 
    * PROPOSAL OF REVERSE STOCK SPLIT OF IGD'S ORDINARY SHARES, 
AT 
RATIO OF 1 NEW SHARE PER 10 EXISTING SHARES 
 
Source text for Eikon:  ID:nBIA87yRYC  
Further company coverage:  IGD.MI  
 
 (Gdynia Newsroom) 
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