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Provider: Wright Reports
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Consultatio SA Announces Further Details On Sale Of 23 Floors In Building To BBVA Banco Frances SA; Signs Agreement To Sell Three Floors To Fideicomiso Financiero Consultatio Catalinas

Wednesday, 17 Jul 2013 01:10pm EDT 

Consultatio SA announced that on July 10, 2013 it signed an agreement to sell 23 out of 33 floors of a building to be built by the Company to BBVA Banco Frances SA. The value of the operation was set at ARS 1,262.5 million plus a corresponding value added tax, 30% of which (plus a corresponding value added tax) was paid on the date of signing the agreement, and the remaining amount will be distributed in the following stages: 65% plus a corresponding value added tax in 30 monthly installments; 2.5% plus a corresponding value added tax against the delivery of the possession, and 2.5% plus a corresponding value added tax, against signing of the deed of transfer of ownership. 

Company Quote

0.5 +1.19%
24 Jul 2014