4th Dec 2018 14:08
LONDON (Alliance News) - Plaza Centers NV on Tuesday said it extended the closing date of 50% stake sale in its 74.7 acre plot in Chennai, India, for EUR13.2 million.
The real estate development company said the closing date of the transaction has been extended to January 7 next year.
In addition, Plaza and the buyer agreed that instead of the EUR1.3 million deposit, the buyer will pay Plaza Centers an additional consideration. It will be calculated as an annual interest of 12% on the consideration amount.
All other terms and conditions of the agreement shall remain unchanged, the company noted.
Plaza Centers shares were untraded on Tuesday, last closing at 50.00 pence each.
Related Shares:
Plaza