Brief: SRV Signs LoI To Sell Shopping Centre Pearl Plaza In St Petersburg

SRV Yhtiot Oyj

13/09/2021 15:37

Sept 13 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV SIGNED A LETTER OF INTENT TO SELL THE SHOPPING CENTRE
PEARL
PLAZA IN ST PETERSBURG
    * SRV'S AND CHINESE SHANGHAI INDUSTRIAL INVESTMENT
(HOLDINGS) CO.,
LTD'S JOINT VENTURE HAS SIGNED A NON-BINDING LETTER OF INTENT TO
SELL SHOPPING CENTRE PEARL PLAZA, LOCATED IN ST. PETERSBURG,
WITH A RUSSIAN REAL ESTATE INVESTOR
    * COMPANY EXPECTS THAT REALIZATION AND SCHEDULE OF SALE WILL
BE
DEFINED DURING AUTUMN
    * COMPANY ANTICIPATES THAT POSSIBLE TRANSACTION WILL HAVE
POSITIVE
IMPACT ON SRV GROUP PLC'S OPERATING PROFIT, BUT FINAL EFFECT
WILL BE ONLY CLEAR AT TIME OF TRANSACTION

Source text for Eikon:  ID:nWkr57kkSQ 
Further company coverage:  SRV1V.HE 

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