Brief: VGP Continues Prudent Stance In Current Market Turmoil

VGP NV

30/09/2022 17:34

Sept 30 (Reuters) - VGP NV  VGP1.BR :
    * VGP CONTINUES PRUDENT STANCE IN CURRENT MARKET TURMOIL
    * ANNOUNCED THAT, TOGETHER WITH ITS JOINT VENTURE PARTNER
ALLIANZ
REAL ESTATE, THE GROUP HAS DECIDED TO POSTPONE THE SEED
PORTFOLIO CLOSING OF THE EUROPA JOINT VENTURE ORIGINALLY
ENVISAGED FOR NOVEMBER DUE TO VOLATILE MARKET ENVIRONMENT
    * A DECISION ON TIMING OF EUROPA SEED PORTFOLIO CLOSING IS
EXPECTED TO BE TAKEN NEXT YEAR
    * BANK FINANCING FACILITIES ARE AVAILABLE AND THE GROUP IS
EVALUATING ALL FINANCING OPTIONS
    * THE CLOSING TRANSACTION FOR THE VGP PARK MÜNCHEN JOINT
VENTURE
IS ANTICIPATED TO BE CONDUCTED BEFORE END OF YEAR

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