Brief: Starhedge buys 50 pct of KIS INVEST OOD for 7.7 mln zlotys

Starhedge SA

23/06/2015 07:02

June 23 (Reuters) - Starhedge SA  SHG.WA : 
    * Acquires 50 percent stake in KIS INVEST OOD for 7.7 
million zlotys ($2.1 million) 
    * The decision to invest in KIS INVEST OOD follows the sale 
of 50 pct of KIS INVEST 1 ODD previously held by the company 
    * KIS INVEST owns majority stakes (70 pct to 100 pct) in 
five special purpose companies engaged in building construction 
in Sofia, Bulgaria 
    * The special purpose companies are KIS INVEST 1 OOD, KIS 
INVEST 2 OOD, KIS INVEST 3 OOD, KIS INVEST 4 OOD, KIS INVEST 5 
OOD  
    * Estimates that proceeds from the sale of properties to be 
constructed by KIS INVEST units will generate net income between 
4.5 million euros ($5.06 million) and 4.7 million euros  
 
Source text for Eikon:  ID:nEM2389043  
     
Further company coverage:  SHG.WA  
 
($1 = 3.6967 zlotys) 
 
($1 = 0.8889 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))