Brief: Pandox To Acquire NH Hotel Group Property For EUR 35 Million

Pandox AB

02/08/2022 06:50

Aug 2 (Reuters) - Pandox AB  PANDXb.ST :
    * SAID ON MONDAY, ENTERS INTO AGREEMENT WITH NH HOTEL GROUP
REGARDING A HOTEL PROPERTY IN BRUSSELS
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN BEGINNING OF Q4
2022
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE NH BRUSSELS
LOUISE IN
CENTRAL BRUSSELS, BELGIUM
    * TOTAL TRANSACTION VALUE AMOUNTS TO APPROXIMATELY MEUR 35
AND IS
FINANCED BY CASH AND EXISTING CREDIT FACILITIES

Source text for Eikon:  ID:nWkr7Fb91t 
Further company coverage:  PANDXb.ST 

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