Brief: Recreate Sells 50% Of Its Shares In Kammerherrelokka

Recreate ASA

22/12/2022 14:26

Dec 22 (Reuters) - Recreate ASA  RCR.OL :
    * RECREATE SELLS 50% OF ITS SHARES IN KAMMERHERRELØKKA AS
    * DEAL IS COMPLETED TODAY BASED ON GROSS PROPERTY VALUE OF
ABOUT
NOK 285 MILLION
    * DEAL COMPLETED TODAY BASED ON GROSS PROPERTY VALUE OF
ABOUT NOK
285 MILLION
    * TRANSACTION IS COMPLETED TODAY BASED ON A GROSS PROPERTY
VALUE
OF APPROXIMATELY NOK 285 MILLION
    * TRANSACTION GIVES NET CASH EFFECT OF APPROX. NOK 46
MILLION,
WHICH IS MAINLY USED TO PAY CREDITORS AND REPAY LOANS

Source text for Eikon:  ID:nObiFNFV4a 
Further company coverage:  RCR.OL 
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