Echo sells remaining EPP stock
09:03
Echo Prime Assets, a subsidiary of Echo Investment, has received an offer and confirmed the terms of sale of 15.2 million shares in Echo Polska Properties (EPP) for €17.1 million, less transaction costs, the company has said. The expected date of settlement of the sale of shares is no later than November 7, 2018.
Following the transaction, Echo holds no EPP shares, the filing stated.
Back in June, Echo sold another 18.1 million share package in the company for €20.8 million.
The company was acquired by Griffin Real Estate back in 2015 which remains its majority shareholder.
