Sale of Apollo
16 Junho 2010 - 1:01PM
UK Regulatory
TIDMEBP
RNS Number : 7509N
Equest Balkan Properties PLC
16 June 2010
EQUEST BALKAN PROPERTIES PLC
("EBP" or the "Company")
16 June 2010
Sale of Apollo
EBP announces that it has completed the agreement for the sale of its wholly
owned subsidiary, Elgin BV, the owner of Apollo, EBP's mixed use development
site in Belgrade, to Sunville Corporation N.V. Under the terms of the
agreement, the buyer assumed approximately Euro 20.8 million in existing
financing held by Hypo Alpe-Adria Bank and paid cash of Euro 1.4 million.
Signing of the sale and purchase agreement had been announced on December 22
2009.
-ENDS-
Further information, please contact:
Arbuthnot Securities Limited (NOMAD and broker)
+44 (0)20 7012 2000
Alastair Moreton
Hannah Pearce
Sunville Corporation N.V.
+381 11 249 3356
Vladan Zivulovic
IOMA Fund and Investment Management Limited (Administrator to EBP)
+44 (0)1624 681250
Graham Smith
This information is provided by RNS
The company news service from the London Stock Exchange
END
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