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IN BRIEF: Plaza Centers 50%-owned unit completes sale of subsidiary

22nd Jun 2021 19:27

Plaza Centers NV - Netherlands-based property developer - Says the purchaser paid a consideration of INR94.7 crores, about EUR10.6 million, for the subsidiary of Elbit Plaza India Real Estate Holdings Ltd, a 50/50 joint venture between Plaza Centers and Elbit Imaging Ltd. Accordingly, Plaza Centers says it has received advanced payments of EUR1.1 million and, upon completion of the transaction, Plaza Centers is expected to receive an additional EUR4.3 million.

Current stock price: 23.00 pence

Year-to-date change: up 1.7%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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