Brief: Nbg Pangaea Signs Agreement For Acquisition Of Portfolio Of Properties In Cyprus

Prodea Real Estate Investment SA

27/06/2019 16:04

June 27 (Reuters) - NBG Pangaea Real Estate Investment Co
 PANGr.AT :
    * SAYS SIGNS AGREEMENT WITH BANK OF CYPRUS PUBLIC COMPANY
LIMITED
FOR ACQUISITION OF A PORTFOLIO OF PROPERTIES IN CYPRUS
    * SAYS THROUGH PURCHASE OF 100% OF THE MANAGEMENT SHARES AND
88.2%
OF THE INVESTMENT SHARES OF CYREIT VARIABLE INVESTMENT  COMPANY
BASED IN CYPRUS
    * SAYS TEMPORARY CONSIDERATION FOR COMPLETED TRANSACTION WAS
SET
AT EUR 137.9 MILLION
    * SAYS OF WHICH EUR 3.2 MILLION WILL BE PAID OUT GRADUALLY
SUBJECT
TO CONDITIONS THAT HAVE BEEN AGREED TO BETWEEN THE PARTIES

Source text : https://bit.ly/2YpwMxL 
Further company coverage:  PANGr.AT 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))