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Immobiliare Grande Distribuzione Signs Binding Agreements For The Sale Of Assets


Monday, 1 Jul 2019 

July 1 (Reuters) - Immobiliare Grande Distribuzione SIIQ SpA ::SIGNS BINDING AGREEMENTS FOR THE SALE OF ASSETS.PORTA MEDICEA SRL (WHOLLY-OWNED SUBSIDIARY OF IGD) WILL SELL "PALAZZO ORLANDO", OFFICE BUILDING, IN LIVORNO.WILL BUY 50% INTEREST IN "DARSENA CITY" SHOPPING MALL OF WHICH IT IS CURRENTLY JOINT-OWNER.IGD MANAGEMENT SRL WILL BUY 50% INTEREST HELD IN JOINT VENTURE RGD FERRARA 2013 SRL – OWNER SINCE 2013 OF DARSENA CITY OPERATIONS.IGD GROUP WILL PAY A TOTAL OF EUR 13.9 MILLION (IN ADDITION TO TAXES) FOR THE TWO ACQUISITIONS. 

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