BRIEF-Delta Property Fund Announces Disposal Of 6.5 Mln Shares In Grit Real Estate Income

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  • Stock Market News
BRIEF-Delta Property Fund Announces Disposal Of 6.5 Mln Shares In Grit Real Estate Income
Credit: © Reuters.

Jan 17 (Reuters) - Delta Property Fund Ltd DLTJ.J :

* JSE: DLT - DISPOSAL OF 6 497 566 SHARES IN GRIT REAL ESTATE INCOME GROUP LIMITED

* DELTA PROPERTY FUND LTD - HAS DISPOSED OF 6.5 MILLION SHARES IN GRIT REAL ESTATE INCOME GROUP LIMITED

* DELTA PROPERTY FUND LTD - DISPOSAL OF 6.5 MILLION SHARES IN GRIT REAL ESTATE INCOME FOR ABOUT R104.4 MILLION

* DELTA PROPERTY FUND - DISPOSAL CONSIDERATION UTILISED TO SETTLE DEBT FACILITIES WITH INVESTEC BANK AND IS IN LINE WITH CO'S DEBT REDUCTION STRATEGY

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