Prodea Real Estate Investment Company Société Anonyme (ATSE:PRODEA) signed an agreement to acquire Lamda Ilida Office from LAMDA Development S.A. (ATSE:LAMDA) on May 6, 2021.The price consideration for the purchase of shares will be equal to the net asset value (NAV) of the Lamda Ilida Office, as determined by the specific terms of the aforesaid contract at the time of the completion of the transaction. The transaction is expected to have no effect on the Company's financial results, yet it will benefit LAMDA DEVELOPMENT at a Group level through the reduction of consolidated borrowing obligations by 39.1m (equivalent to the nominal value of the Lamda Ilida Office's borrowing obligations as December 31, 2020).The transaction is subject to the fulfillment of specific conditions precedent provided in the aforesaid contract and is expect to complete in September 30, 2021.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
7.8 EUR | 0.00% | +6.12% | +6.12% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+6.12% | 2.13B | |
-6.54% | 46.22B | |
-7.64% | 20.92B | |
-4.85% | 12.96B | |
+14.82% | 11.43B | |
-4.37% | 9.74B | |
-0.68% | 8.59B | |
-13.86% | 8.48B | |
+0.65% | 7.63B | |
-15.87% | 5.85B |
- Stock Market
- Equities
- PRODEA Stock
- News Prodea Real Estate Investment Company Société Anonyme
- Prodea Real Estate Investment Company Société Anonyme signed an agreement to acquire Lamda Ilida Office from LAMDA Development S.A..