Plaza Centers to sell Torun Plaza for €70 million

Should the transaction proceed towards a signed share purchase agreement, following the due diligence process, Plaza Centers will receive circa €70 million followed by additional payments up to a maximum potential amount of €4 million after an additional earn out period following the closing of the transaction. The expected net proceeds to the company, following the repayment of the related bank loan are estimated to be circa €27-29 million.

 

At this point in time, there is no certainty that the transaction will be completed.