Brief: Recreate Says Entered Into Agreement With XG Eiendom As Regarding Establishment Of Joint Venture
14/03/2023 05:51
March 14 (Reuters) - Recreate ASA RCR.OL :
* SIGNS AGREEMENT TO ESTABLISH JOINT VENTURE
* RECREATE - PARTIES INTEND , KONGENSGATE 20 AND
HESSELBERGGATEN 4
SHALL BE ACQUIRED AT A LATER STAGE, PROVIDED RELEVANT CREDITOR
APPROVALS ARE OBTAINED
* SAYS ENTERED INTO AN AGREEMENT WITH XG EIENDOM AS
REGARDING
ESTABLISHMENT OF A JOINT VENTURE
* PARTIES WILL OWN COMPANY 50/50, BUT WITH A PREFERENTIAL
ECONOMIC
RIGHT FOR XANIA TO RECEIVE AGREED INTEREST RATE BEFORE OTHER
DISTRIBUTIONS
* CO WILL NOT SELL SHARES OR CONTRIBUTE ANY ADDITIONAL
CAPITAL AS
PART OF ESTABLISHMEN
Source text for Eikon: ID:nObiz27W2a
Further company coverage: RCR.OL
((Reuters.Briefs@thomsonreuters.com;))
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