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Invista Euro Real (IERE)

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Monday 20 July, 2015

Invista Euro Real

Update on Strategic Review

RNS Number : 5196T
Invista European Real Estate Trust
20 July 2015
 

                                                                                                                                                                                 20 July 2015

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

UPDATE ON STRATEGIC REVIEW

 

Further to the announcement by the Company on 13 July 2015, which gave an update on the current trading and Strategic Review of the business, the Company has now received indicative proposals from potential buyers of its property portfolio.

 

There is no certainty that any transaction will take place; but, if one does, the Board does not expect, in the light of the valuations proposed by the potential buyers, that there will be any material value to return to either ordinary or preference shareholders.

 

The Company will continue to make announcements as appropriate.

 

 

 For further information, please contact:

Ludovic Bernard

Internos Global Investors

020 7355 8800

 

 




 

 


This information is provided by RNS
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