Latest Sonae Sgps Sa Maia (SOSSF) Headlines DDR
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Posted On: 03/11/2014 10:45:03 AM
Latest Sonae Sgps Sa Maia (SOSSF) Headlines
DDR Accelerates Asset Sales and Reaches an Agreement to Sell its Investment in Brazil for $344 million
PR Newswire - Mon Mar 10, 3:00AM CDT
DDR Corp. (NYSE: DDR) today announced that it has signed a letter of intent to sell its 50% ownership interest in Sonae Sierra Brazil BV Sarl ("SSB BV Sarl"), a Luxembourg Company, to Mr. Alexander Otto and his affiliates for $343.6 million. DDR's interest in SSB BV Sarl represents DDR's entire investment in Brazil. The gross proceeds of $343.6 million consist of $283.0 million from the negotiated price of R$26.00 per share of Sonae Sierra Brasil, a 67% premium to the closing price on the IBOVESPA as of March 7, and DDR's stake in Parque Dom Pedro, valued at $60.7 million. The closing of the sale is expected to be completed in the next 30 days. The transaction is subject to negotiation of a definitive purchase and sale agreement and customary terms and conditions of closing.
Research and Markets: Grocery Stores (European) - Indiviudal Analysis of the Top 500 Companies Including Tesco, X5 Retail and Sonae Investimentos
Business Wire - Mon Aug 19, 9:22AM CDT
Research and Markets (http://www.researchandmarkets.com/research/j3vqjw/grocery_stores) has announced the addition of the "Grocery Stores (European)" report to their offering.
DDR Accelerates Asset Sales and Reaches an Agreement to Sell its Investment in Brazil for $344 million
PR Newswire - Mon Mar 10, 3:00AM CDT
DDR Corp. (NYSE: DDR) today announced that it has signed a letter of intent to sell its 50% ownership interest in Sonae Sierra Brazil BV Sarl ("SSB BV Sarl"), a Luxembourg Company, to Mr. Alexander Otto and his affiliates for $343.6 million. DDR's interest in SSB BV Sarl represents DDR's entire investment in Brazil. The gross proceeds of $343.6 million consist of $283.0 million from the negotiated price of R$26.00 per share of Sonae Sierra Brasil, a 67% premium to the closing price on the IBOVESPA as of March 7, and DDR's stake in Parque Dom Pedro, valued at $60.7 million. The closing of the sale is expected to be completed in the next 30 days. The transaction is subject to negotiation of a definitive purchase and sale agreement and customary terms and conditions of closing.
Research and Markets: Grocery Stores (European) - Indiviudal Analysis of the Top 500 Companies Including Tesco, X5 Retail and Sonae Investimentos
Business Wire - Mon Aug 19, 9:22AM CDT
Research and Markets (http://www.researchandmarkets.com/research/j3vqjw/grocery_stores) has announced the addition of the "Grocery Stores (European)" report to their offering.
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