Sale of participation in EUROBANK PROPERTIES R.E.I.C
Following the Company's strategy to participate in new development opportunities and to strengthen its liquidity, and in accordance with its expressed intention for strategic partnerships with foreign investors, LAMDA Development has sold its participation in Eurobank Properties R.E.I.C. to Fairfax Financial Holdings Limited.
The sale value was 4,75 which represents a premium of 12% in relation to the previous day closing share value, while the value of the transaction amounted to 42,8 million.
The value of the shares of Eurobank Properties at 30/6/2012 was 3,8 so the profit from this transaction, which is 8,6 million will be included in the Companys results for the 3rd quarter of 2012.
The sale value was 4,75 which represents a premium of 12% in relation to the previous day closing share value, while the value of the transaction amounted to 42,8 million.
The value of the shares of Eurobank Properties at 30/6/2012 was 3,8 so the profit from this transaction, which is 8,6 million will be included in the Companys results for the 3rd quarter of 2012.