Lavender Propco SNC signed a preliminary agreement to acquire Two retail units adjoining the Mandarin Oriental, Paris from Mandarin Oriental International Limited (SGX:M04) for approximately ?150 million on June 12, 2024. The Group's acceptance of the offer for its interests in the Retail Units is subject to the statutory right of pre-emption by the City of Paris, among other conditions, it is anticipated that final documentation will be signed and completion of the sale of the Retail Units will take place on or after 30th June 2024.
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
1.8 USD | 0.00% |
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0.00% | +15.38% |
06-13 | Mandarin Oriental Signs Option to Sell Two Retail Units | MT |
06-12 | Blackstone to Buy 2 Luxury Stores in Paris From Mandarin Oriental | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+15.38% | 2.27B | |
+0.45% | 10.54B | |
-18.38% | 6.78B | |
-9.09% | 5.89B | |
+3.85% | 5.62B | |
-20.23% | 3.21B | |
+4.09% | 2.49B | |
-2.99% | 2.4B | |
+19.01% | 2.12B | |
-16.52% | 2B |
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- News Mandarin Oriental International Limited
- Lavender Propco SNC signed a preliminary agreement to acquire Two retail units adjoining the Mandarin Oriental, Paris from Mandarin Oriental International Limited for approximately ?150 million.