Echo sells shares in Echo Polska Properties for EUR 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 EUR 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.