Groupe Go Sport Announces the Disposal of Seven Store Properties for 45.9 Million Euros
April 17 2007 - 1:30AM
Business Wire
Regulatory News: Groupe Go Sport (Paris:GSP) announces that it has
signed agreements with Corio, Hammerson and Rodamco related to the
disposal of real estate assets made of seven French store
properties for an amount of 45.9 million euros (after transfer
duties). These assets, two of which are leasehold, represent the
greatest part of the group commercial property assets. Go Sport
will continue to operate six stores under commercial leases. The
different asset sales are expected to be completed during the
second half of 2007. This transaction will enable Go Sport to
reduce its financial debt by 40 million euros (after capital gain
tax).
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