5th Jan 2016 08:33
LONDON (Alliance News) - Public Service Properties Investments Ltd on Tuesday said it now has received the deferred consideration due on the sale of its UK assets to Embrace Group Ltd, announced back in March 2015.
Public Service Properties said it is still testing the market appetite for its German assets and will make further announcement on this process in due course.
The company has been selling off its assets and now only has four care homes in Germany still in its ownership, having sold its UK healthcare assets and two of its German care homes last year.
Shares in Public Service Properties were up 5.3% to 50.00 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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