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    Brief: Nextil Sells Its Production Halls In Portugal For 4.4 Mln Euros

    Picture of Nueva Expresion Textil SA logoNueva Expresion Textil SA
    06/08/2025 17:03
    Aug 6 (Reuters) - Nueva Expresion Textil SA NXTE.MC:

TRANSACTION FOR SALE OF PRODUCTION HALLS IN PORTUGAL

SALE OF TOTALITY OF PRODUCTION WAREHOUSES LOCATED IN PORTUGAL FOR 4.4 MILLION EUROS

AS RESULT, CANCELS BANK DEBT ASSOCIATED WITH THESE ASSETS OF EUR 740,000 AND WILL RECORD ACCOUNTING GAIN OF ABOUT 2 MILLION EUROS

SALE FORMALISED WITH SALE & LEASEBACK AGREEMENT ON FACILITIES INITIALLY FOR 25 YEARS, AUTOMATICALLY RENEWABLE FOR SUCCESSIVE PERIODS OF 5 YEARS

Source text: ID:nCNMbcjfTS

Further company coverage: NXTE.MC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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