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TDSA Teixeira Duarte SA News Story

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Brief: Teixeira Duarte Completes Refinancing Agreement With Banks

Nov 4 (Reuters) - Teixeira Duarte SA TDSA.LS:

SAID ON MONDAY COMPLETES REFINANCING AGREEMENT WITH BANKS

DELIVERY OF SHARES REPRESENTING PART OF SHARE CAPITAL OF FIVE REAL ESTATE COMPANIES GENERATES LOSS OF 2.7 MILLION EUROS IN GROUP'S ACCOUNTS

TRANSACTION ALLOWS TEIXEIRA DUARTE GROUP TO SETTLE ITS DEBT TO BANKS IN AMOUNT OF 78.3 MILLION EUROS

IT ALSO HAS POSITIVE IMPACT ON GROUP'S ACCOUNTS, RESULTING FROM APPRECIATION OF INTEREST RETAINED BY TEIXEIRA DUARTE GROUP IN THOSE COMPANIES, OF ABOUT 35 MILLION EUROS

 Source text nL5N3QB07L
 Further company coverage: TDSA.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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