Attenbury Cyprus Limited completed the acquisition of 99.5% stake in Woolworth Commercial Centre Plc from Woolworth Properties Plc.
Attenbury Cyprus Limited agreed to acquire 99.5% stake in Woolworth Commercial Centre Plc (CSE:WOOC) from Woolworth (Cyprus) Properties Plc (CSE:FWW) for 11.2 million on July 20, 2015. Under the terms of the transaction, Attenbury Cyprus will acquire approximately 9.95 million shares of Woolworth Commercial Centre at a price of 1.123 per share. In a related transaction, Attenbury Cyprus Limited acquired 99.67% stake in ITTL Trade Tourist and Leisure Park Plc from Ermes Department Stores Plc (CSE:ERME) and Woolworth (Cyprus) Properties Plc (CSE:FWW) for 66.3 million on July 23, 2015. The total amount of the disposal is 183.7 million, which includes an amount of 106.3 million being the amount of total liabilities, the responsibility for which has been undertaken by Attenbury Cyprus Limited. For 2014, Woolworth Commercial Centre Plc reported profit of 1.5 million. Andreas Neocleous & Co LLC acted as legal advisor for Atterbury.
Attenbury Cyprus Limited completed the acquisition of 99.5% stake in Woolworth Commercial Centre Plc (CSE:WOOC) from Woolworth (Cyprus) Properties Plc (CSE:FWW) on July 23, 2015.