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BRIEF-Lamda Development acquires 50 PCT of shares issued by Lamda Olympia Village
June 15, 2017 / 7:30 AM / 6 months ago

BRIEF-Lamda Development acquires 50 PCT of shares issued by Lamda Olympia Village

June 15 (Reuters) - LAMDA DEVELOPMENT SA:

* SAYS THAT IT HAS SIGNED AN AGREEMENT WITH “IRERE PROPERTY INVESTMENTS LUXEMBOURG” FOR ACQUISITION OF 4,402,368 SHARES ISSUED BY THE COMPANY “LAMDA OLYMPIA VILLAGE ” (LOV), WHICH CORRESPONDS TO 50 PERCENT OF THE LOV SHARE CAPITAL

* THE COMPLETION OF THE TRANSFER IS CONDITIONAL UPON THE APPROVAL OF THE BANKING TRANSACTIONS APPROVAL COMMITTEE AND AN EXTENSION OF THE LOV LOAN AGREEMENT FOR AT LEAST 3 MORE YEARS HAVING BEEN AGREED

* UPON COMPLETION OF THE TRANSACTION, THE COMPANY WILL OWN THE 100% OF LOV SHARE CAPITAL, WHICH OWNS THE SHOPPING CENTER "THE MALL ATHENS", GROSS ASSET VALUE OF "THE MALL ATHENS" AMOUNTS TO € 381.2 MILLION Source text: bit.ly/2srJJtq Further company coverage: (Gdynia Newsroom)

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