11th Mar 2014 15:14
LONDON (Alliance News) - Property company Treveria PLC Tuesday said it has reached a settlement with the insolvency administrator regarding the assets of its Silo E portfolio.
Treveria, which invests in German commercial real estate said the insolvency administrator has agreed to compensate it for its cooperation in the sale of the property.
The insolvency administrator will also waive any potential claims against Treveria E S.à.r.l., the parent of the German portfolio companies, it added.
Treveria said it will not pursue any further steps in this regard.
The stock was trading at flat at EUR0.575 Tuesday afternoon.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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