Edition:
United Kingdom

Berjaya Land Says Unit Enters Agreement With Icelandair Group HF


Monday, 15 Jul 2019 

July 15 (Reuters) - Berjaya Land Bhd ::UNIT ENTERS DEAL FOR ACQUISITION OF 75% STAKE IN ICELANDAIR HOTELS EHF, HLJOMALINDARREITUR EHF & CERTAIN HOTELS AND REAL ESTATE ASSETS.AGREEMENT WITH ICELANDAIR GROUP HF FOR A TOTAL CASH CONSIDERATION OF ABOUT US$53.63 MILLION (ABOUT 222.03 MILLION RGT).PROPOSED ACQUISITION IS EXPECTED TO CONTRIBUTE POSITIVELY TO THE FUTURE EARNINGS OF THE B-LAND GROUP. 

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