Brief: Immobiliare Grande Distribuzione Signs Binding Agreements For The Sale Of Assets

Immobiliare Grande Distribuzione SIIQ SpA

01/07/2019 07:00

July 1 (Reuters) - Immobiliare Grande Distribuzione SIIQ SpA
 IGD.MI :
    * SIGNS BINDING AGREEMENTS FOR THE SALE OF ASSETS
    * PORTA MEDICEA SRL (WHOLLY-OWNED SUBSIDIARY OF IGD) WILL
SELL
"PALAZZO ORLANDO", OFFICE BUILDING, IN LIVORNO
    * WILL BUY 50% INTEREST IN "DARSENA CITY" SHOPPING MALL OF
WHICH
IT IS CURRENTLY JOINT-OWNER
    * IGD MANAGEMENT SRL WILL BUY 50% INTEREST HELD IN JOINT
VENTURE
RGD FERRARA 2013 SRL – OWNER SINCE 2013 OF DARSENA CITY
OPERATIONS
    * IGD GROUP WILL PAY A TOTAL OF EUR 13.9 MILLION (IN
ADDITION TO
TAXES) FOR THE TWO ACQUISITIONS

Source text for Eikon:  ID:nBIA2Lxms1 
Further company coverage:  IGD.MI 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))