Brief: Orascom Development To Reduce Debt By CHF 55.2 Mln Through Signing of Two Offers

Orascom Development Holding AG

26/02/2018 06:00

Feb 26 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S : 
    * THROUGH ORASCOM DEVELOPMENT EGYPT (ODE) SIGNS TWO FINAL 
OFFERS 
TO DIVEST NON-CORE ASSETS 
    * PROCEEDS OF SALE WILL REDUCE ODE'S DEBT BY C. CHF 55.2 
MILLION 
    * THIS WILL RESULT IN INTEREST SAVINGS OF C. CHF 33.3 
MILLION IN 
AGGREGATE TILL 2024 
 
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