ENR Russia Invest SA announces sale of shares in Eastern Property Holdings Limited
(Thomson Reuters ONE) -
ENR Russia Invest SA /
ENR Russia Invest SA announces sale of shares in Eastern Property Holdings
Limited
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
During late 2008 and early 2009 ENR Russia Invest SA ("ENR") has made an
investment in Eastern Property Holdings Limited ("EPH") ("EPH Investment").
EPH was founded in 2003 as a real estate investment and development company
listed on SIX Swiss Exchange. EPH combines project development with the
management of rented office, residential and commercial properties in prime
locations in Moscow and St. Petersburg.
ENR, together with certain other EPH investors, have sold their EPH shares to
Valartis International Limited ("VIL") who, in turn, has sold all of these
shares to the Liechtenstein-based Aurora Value Fund.
For the sale of its EPH Investment ENR will receive USD 16.45 million in cash on
deal closing prior to year-end 2012. ENR could receive a further amount in
several tranches over the coming years of up to USD 11.69 million, subject to
EPH successfully completing and disposing of current real estate development
projects. VIL will continue to provide real estate related project services to
EPH for the next few years.
The transaction will have a positive impact on the net asset value of ENR.
Contact person: Ben de Bruyn, ENR Russia Invest SA, tel: +41 22 716 1000
ENR Russia Invest is an investment company listed on the SIX Swiss Exchange. It
specialises in the management of equities and equity-like investments as well as
fixed income instruments in Russia, the CIS States and the Baltic States.
Additional information on ENR Russia Invest is available on the company website
www.enr.ch
Media Release (PDF):
http://hugin.info/143040/R/1666465/540850.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ENR Russia Invest SA via Thomson Reuters ONE
[HUG#1666465]
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 214618
Anzahl Zeichen: 2691
contact information:
Town:
Geneva
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 349 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ENR Russia Invest SA announces sale of shares in Eastern Property Holdings Limited"
steht unter der journalistisch-redaktionellen Verantwortung von
ENR Russia Invest SA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
