Trastor REIC (hereinafter the "Company"), announced that it has entered into a binding preliminary share purchase agreement for the acquisition of 100% of the shares of the company "FINEAS REAL ESTATE-COMMERCIAL SOCIETE ANONYME", owner of two (2) land plots of surface of 18,419 sq.m. and 11,740 sq.m. each, in Aspropyrgos, Attica, on which two (2) commercial storage and distribution facilities are being developed with a surface area of 10,981 sq.m. and 4,545 sq.m., respectively.
The aforesaid investment will be concluded with the signing of the final share purchase agreement, upon the completion of certain conditions precedent, as per the terms of the aforementioned preliminary agreement.
The total consideration for the purchase of the shares of the company to be acquired shall be based on the net asset value (NAV) of said company at the time of closing, as this will be determined as per the terms of the preliminary agreement.
