8th Nov 2019 16:05
(Alliance News) - Broadcasting firm ITV PLC said Friday it sold its London Television Centre for GBP146 million to Mitsubishi Estate London.
The building - located in South Bank in London - will be sold to Mitsubishi for GBP145.6 million in cash. The sale is expected to close by the end of November.
The proceeds of the sale will be in part used to replace the asset security value of the building within the ITV pension scheme. The remainder of the funds will be used to pay down debt levels at ITV.
Shares in ITV were 0.7% lower at 134.25 pence in London on Friday afternoon.
By Ahren Lester; [email protected]
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