July 19, 2018 / 6:34 AM / 5 months ago

BRIEF-Stenprop Sells Seven Swiss Properties

July 19 (Reuters) - Stenprop Ltd:

* STENPROP LIMITED - DISPOSAL OF SEVEN SWISS PROPERTIES

* STENPROP LTD - THREE SUBSIDIARIES OF STENPROP ALSO ENTERED INTO AGREEMENTS FOR DISPOSAL OF FIVE ADDITIONAL SWISS PROPERTIES ASSET SALES TO PURCHASER

* STENPROP LTD - AGGREGATE CONSIDERATION FOR THESE DISPOSALS IS CHF76.35 MILLION (£58.73 MILLION) ( “CONSIDERATION”), TO BE SETTLED IN CASH

* STENPROP LTD - COMBINED TRANSACTIONS VALUE SEVEN PROPERTIES AT CHF103.65 MILLION (£79.73 MILLION) COMPARED WITH VALUATION AT 31 MARCH 2018 OF CHF103.23 MILLION Source text for Eikon: Further company coverage:

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