Brief: IGD-Siiq, Sixth Street, Starwood Capital Sign Deal For Sale Of Real Estate Portfolio Worth EUR 258 Mln

Immobiliare Grande Distribuzione SIIQ SpA

23/02/2024 16:51

Feb 23 (Reuters) - Immobiliare Grande Distribuzione SIIQ
SpA  IGD.MI :
    * IGD SIGNS AN AGREEMENT WITH SIXTH STREET AND STARWOOD
CAPITAL
FOR THE SALE OF A REAL ESTATE PORTFOLIO
    * DEAL FOR EUR 258 MILLION, PORTFOLIO COMPOSED OF 13 ASSETS
    * NET OF AMOUNT INVESTED IN FUND, IGD WILL RECEIVE ROUGHLY
EUR 155
MILLION, TO BE USED TO REPAY EXISTING DEBTS, REDUCE LEVERAGE

Further company coverage:  IGD.MI 

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