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BRIEF-New Europe Property Investments says NEPI and Rockcastle to merge
December 14, 2016 / 8:15 AM / a year ago

BRIEF-New Europe Property Investments says NEPI and Rockcastle to merge

Dec 14 (Reuters) - New Europe Property Investments Plc :

* Merger of NEPI and Rockcastle and withdrawal of joint cautionary announcement

* Merged entity is expected to become largest listed real estate player in CEE

* NEPI and Rockcastle are pleased to announce conclusion on Dec.13 2016 of a framework agreement

* Transactions to be implemented with reference to an effective share swap ratio of 4.5 existing Rockcastle shares for every 1 existing NEPI share Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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