Echo sells shares in Echo Polska Properties for €20.82 mln

Echo Prime Assets, a subsidiary of Echo Investment, has received an offer and confirmed the terms of sale of 18.1 million shares in Echo Polska Properties (EPP) for €20.82 million, less transaction costs, the company has said. The expected date of settlement of the sale of shares is no later than June 7, 2018.

Echo Investment is a Polish developer that invests in three sectors of the real estate market: residential, commercial and office. The company has been listed on the Warsaw Stock Exchange since 1996.

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