Brief: NSI to partially divest stake in IOW

NSI NV

17/06/2015 07:01

June 17 (Reuters) - NSI NV  NSTEc.AS : 
    * Says it intends to reduce its 50.2 percent stake in 
Belgian REIT Intervest Offices & Warehouses NV ("IOW")  PRIF.BR  
    * Says has reached an agreement with Belfius Insurance, a 
reference player in Belgian insurance market, which has 
committed to become a reference shareholder of io 
    * Says intends to sell a stake of between 25 pct and 35 pct 
of IOW shares 
    * Says pricing is fixed at 19.50 euros ($21.94) per share 
    * Says Belfius Insurance has committed to acquire 1.2 
million shares (approx. 7.4 pct of IOW) 
    * Says IOW shares will be offered to Belgian and 
international institutional investors through an accelerated 
private placement, at a fixed offer price of 19.50 euros per 
share 
 
     
Source text: http://bit.ly/1fg6W83 
Further company coverage:  NSTEc.AS  
 
($1 = 0.8889 euros) 
 
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