February 26, 2018 / 6:15 AM / 4 months ago

BRIEF-Orascom Development To Reduce Debt By CHF 55.2 Mln Through Signing of Two Offers

Feb 26 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG:

* THROUGH ORASCOM DEVELOPMENT EGYPT (ODE) SIGNS TWO FINAL OFFERS TO DIVEST NON-CORE ASSETS

* PROCEEDS OF SALE WILL REDUCE ODE'S DEBT BY C. CHF 55.2 MILLION

* ‍THIS WILL RESULT IN INTEREST SAVINGS OF C. CHF 33.3 MILLION IN AGGREGATE TILL 2024​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below