December 20, 2017 / 9:08 AM / 9 months ago

BRIEF-BF Holding Unit To Make Partial Spin-Off Of 21 Properties

Dec 20(Reuters) - BF HOLDING SPA:

* SAID ON TUESDAY UNIT BONIFICHE FERRARESI HAS APPROVED THE PROJECT FOR THE PARTIAL SPIN OFF OF 21 PROPERTIES IN THE AREZZO PROVINCE

* ASSETS TO BE TRANSFERRED TO NEWLY CREATED COMPANY LEOPOLDINE

* TRANSACTION EXPECTED TO BE EFFECTIVE AS OF MARCH 31, 2018

* ALL LEOPOLDINE SHARES WILL BE ASSIGNED TO BF HOLDING

* IS EVALUATING PARTNERSHIPS IN THE REAL ESTATE SECTOR TO SUPPORT THE PARTIAL SPIN-OFF PROJECT

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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