Brief: Vanmoerkerke Family To Increase Its strategic Stake In Qrf City Retail

Qrf NV

12/12/2018 11:14

Dec 12 (Reuters) - QRF COMM. VA  QRF.BR :
    * VANMOERKERKE FAMILY WISHES TO INCREASE ITS STRATEGIC STAKE
IN
QRF CITY RETAIL
    * INCREASE OF THE SHAREHOLDERS’ EQUITY OF QRF CITY RETAIL BY
23.8
MEUR
    * SIGNIFICANT IMPROVEMENT OF THE DEBT RATIO WHICH DROPS FROM
53.8%
(ON 30 SEPTEMBER 2018) TO 48.4%
    * CONTRIBUTION WILL BE ALLOCATED ENTIRELY TO THE
SHAREHOLDERS’
EQUITY
    * THIS TRANSACTION CAN BE REALIZED AFTER THE APPROVAL BY THE
SHAREHOLDERS OF QRF CITY RETAIL OF THE LOWERING OF THE PAR VALUE
OF THE SHARE
    * CHANGE IN CONTROL OVER STATUTORY MANAGER
    * AGREEMENT IN PRINCIPLE WITH VANMOERKERKE FAMILY TO EXPAND
REAL
ESTATE PORTFOLIO BY CONTRIBUTION IN KIND OF 9 COMMERCIAL
PROPERTIES

Further company coverage:  QRF.BR 

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