Brief: Kennedy-Wilson Holdings Intends To Sell Non-Core Assets Totalling About $550 to $750 mln Over Next 18 Months

Kennedy-Wilson Holdings

06/12/2023 21:31

Dec 6 (Reuters) - Kennedy-Wilson Holdings Inc  KW.N :
    * KENNEDY-WILSON HOLDINGS - OVER NEXT 18 MONTHS, INTENDS TO
SELL
NON-CORE ASSETS AND IS TARGETING A TOTAL OF ABOUT $550 MILLION
TO $750 MILLION OF CASH TO CO
    * KENNEDY-WILSON HOLDINGS INC - IN ADDITION, SUBSEQUENT TO
THE
QUARTER ENDED SEPTEMBER 30, 2023, THE COMPANY ADOPTED A COST
EFFICIENCY PLAN
    * KENNEDY-WILSON HOLDINGS- PLAN WILL FOCUS ON STREAMLINING
OPERATING COSTS, LIKE REDUCTIONS IN CASH COMPENSATION & GENERAL
AND ADMINISTRATIVE EXPENSES
    * KENNEDY-WILSON HOLDINGS INC-  PLAN WILL FOCUS ON REDUCING
ANNUAL
COSTS BY APPROXIMATELY $15 MILLION TO $20 MILLION OVER NEXT 18
MONTHS
    * KENNEDY-WILSON HOLDINGS- OVER NEXT 18 MONTHS INTENDS TO
SELL
NON-CORE ASSETS & IS TARGETING TOTAL OF ABOUT $550 MILLION TO
$750 MILLION OF CASH TO CO

Further company coverage:  KW.N 

 ((Reuters.Briefs@thomsonreuters.com;))