Brief: Metro Holdings announces acquisition of 50 pct interest in land site in UK

Metro Holdings

11/02/2016 10:58

Feb 11 (Reuters) - Metro Holdings Ltd  MTHL.SI : 
 
 * Acquisition of 50% effective interest in land site in Sheffield,UK 
 * Sun Capital has entered into an agreement with SDC to provide a loan of up to £18 million (about S$36.3 million) to SDC 
 * Says unit entered into share purchase agreement with Scarborough Holding Company Limited and Scarborough Group International Ltd 
 * Agreement to acquire a 50% equity interest in Scarborough DC Ltd 
 * Investment not expected to have material effect on consolidated NTA per share or consolidated EPS for current FY ending 31 March 2016 
 * Says purchase consideration for the 50% equity stake in SDC of £1 million was satisfied wholly in cash on completion 
 
* Source text for Eikon  urn:newsml:reuters.com:*:nSNZ4CK2dv 
 
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