Brief: Texaf Says The DRC Respects Its Commitment In Expropriation Case

Texaf NV

08/05/2018 07:11

May 8 (Reuters) - Texaf SA  TEXB.BR :
    * SAYS IN REAL ESTATE ACTIVITY, Q1 RENTAL INCOME UP BY 6% TO
EUR
4.2 M, VERSUS YEAR AGO
    * SAYS THE DRC RESPECTS ITS COMMITMENT TOWARDS TEXAF IN
EXPROPRIATION CASE
    * SAYS IN CONSULTATION WITH UTEXAFRICA, THE DRC HAS
EXPROPRIATED
FOR PUBLIC USE 10,637 M2 ON BORDER OF ITS CENTER OF TOWN COMPOUD
    * SAYS THE DRC HAS STARTED PROCESS OF PAYING COMPENSATION OF
5.4 M
USD
    * SAYS FIRST INSTALLMENT HAS JUST BEEN WIRED TO UTEXAFRICA
    * SAYS DRC HAS COMMITED TO PAY BALANCE IN INSTALLMENTS BY
END OF
YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbBN4Jh
Further company coverage:  TEXB.BR 

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