October 01, 2024 06:07 GMT
CityCon (CITCON: Ba1 neg/BBB- neg): Asset Sale Confirmed
REAL ESTATE
- Small positive: Sale was agreed and flagged 6th Sep
- CityCon confirms today that they have completed the sale of Trekanten shopping centre for NOK 1,325b (€112m). Close to IFRS fair value.
- Proceeds will be applied to debt reduction and balance sheet strength.
- They have planned to divest €350m this financial year.
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