Plaza Centers N.V. UPDATE RE TERMSHEET FOR SALE IN CHENNAI, INDIA (4173M)
January 07 2019 - 10:23AM
UK Regulatory
TIDMPLAZ
RNS Number : 4173M
Plaza Centers N.V.
07 January 2019
January 7, 2019
PLAZA CENTERS N.V.
UPDATE REGARDING THE TERM SHEET FOR THE SALE OF THE PLOT IN
CHENNAI, INDIA
Plaza Centers N.V. ("Plaza" or the "Company") announces today,
further to its press releases dated October 18, 2018, November 7,
2018, and December 4, 2018, regarding a term sheet between Elbit
Plaza India Real Estate Holdings Limited (a subsidiary held by the
Elbit Imaging Ltd.(50%) and Plaza (50%)) ("EPI") and a potential
buyer for the sale of a 74.7 acre plot in Chennai, India for a
total consideration of approximately Euro 13.2 million; that the
closing date of the transaction did not take place yet (even though
it was set to January 7, 2019). EPI is currently negotiating with
the buyer and the Company will update regarding any new
developments during the upcoming week.
Ends
For further details, please contact:
Plaza
Avi Hakhamov, Acting CEO +36 1 6104523
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main
Board of the London Stock Exchange, as of 19 October 2007, on the
Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on
the Tel Aviv Stock Exchange. Plaza Centers has been active in real
estate development in emerging markets for over 23 years.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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