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BRIEF-Cerberus says Orion acquires outstanding equity in Sotogrande

June 14 Cerberus Capital Management Lp :

* Says Orion's European Real Estate Fund Iv acquired remaining 50% of Sotogrande Luxco, owned by an affiliate of Cerberus

* Cerberus capital management says Orion is now sole shareholder of Sotogrande Luxco, owning about 99 percent of Sotogrande SA

* Says it is envisaged that sotogrande luxco will launch a delisting takeover bid over the sotogrande shares

* Says transaction marks the beginning of the second phase of Sotogrande SA's redevelopment and repositioning plan Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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