Brief: Retail Estates Invests 49.9 Million Euros In 40 Additional Properties In Belgium

Retail Estates NV

21/12/2018 06:05

Dec 21 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * CO STRENGHTENS ITS INVESTMENTS IN BELGIUM WITH A € 49.89 MILLION INVESTMENT IN 40
ADDITIONAL
PROPERTIES
    * ACQUIRED EXCLUSIVE CONTROL OF TWO REAL ESTATE COMPANIES THAT OWN A TOTAL OF 40 RETAIL
PROPERTIES
SPREAD ACROSS BELGIUM
    * INVESTMENT IS FINANCED FOR AN AMOUNT OF € 4.42 MILLION BY THE ISSUE OF 68,000 NEW SHARES
    * NEW SHARES WILL BE ISSUED AT A CONTRACTUALLY DETERMINED ISSUE PRICE OF € 65 PER SHARE
    * PRO FORMA EFFECT OF THESE TRANSACTIONS ON THE DEBT RATIO IS EXPECTED TO INCREASE TO 51.50%
AS OF
31 DECEMBER 2018

Source text: https://bit.ly/2QOaJ44
Further company coverage:  RETE.BR 

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