BRIEF-Redefine Properties Announces Conclusion Of Investment Agreement With Madison International

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BRIEF-Redefine Properties Announces Conclusion Of Investment Agreement With Madison International
Credit: © Reuters.

Jan 21 (Reuters) - Redefine Properties Ltd RDFJ.J :

* JSE: RDF - RDFB26 - CONCLUSION OF INVESTMENT AGREEMENT WITH MADISON INTERNATIONAL, DISPOSAL OF 48.5% INTEREST IN EUROPEAN LOGISTICS

* REDEFINE PROPERTIES - MADISON HAS AGREED TO A TOTAL EQUITY COMMITMENT OF EUR150 MILLION

* REDEFINE - GRIFFIN AGREED TO ACQUIRE FURTHER 2% INTEREST IN ELI FROM REDEFINE EUROPE AND AGREED TO TOTAL EQUITY COMMITMENT OF EUR13.4 MILLION

* REDEFINE - SALE CONSIDERATION WILL BE SETTLED IN CASH AND PROCEEDS RECEIVED BY CO & NOT REINVESTED IN ELI USED TO REDUCE LOCAL DEBT FACILITIES

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