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News Breaks
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January 11, 2012
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| 05:33 EDT |  | EMITF |
| theflyonthewall.com: | Elbit Imaging announces sale of 47 real estate properties for $1.428B by EPN | | Elbit Imaging announced, that certain indirect subsidiaries of EPN GP, LLC and EPN EDT Holdings II, LLC, collectively EPN, and together with their affiliates EPN Group, entered into an agreement to sell 47 shopping centers located throughout the USA, to BRE DDR Retail Holdings LLC, a joint venture between Blackstone Real Estate Partners VII L.P. and/or its affiliates and DDR Corp. and/or its affiliates, for a purchase price of 1.428B. Total property level debt to be repaid by EPN or assumed by BRE DDR Retail Holdings LLC is approximately $934M as of the date hereof. :theflyonthewall.com |
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May 17, 2012
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| 06:20 EDT | | EMITF |
| theflyonthewall.com: | Elbit Imaging transfers title in the shares of four hotels to PPHE Hotel Group | | Elbit Imaging announced, further to its announcement on April 1 in respect of a Share Purchase agreement with PPHE Hotel Group Ltd and PPHE Netherlands B.V., with regard to the sale of Elbit's holdings in its subsidiaries which own a 50% interest in the following hotels in the Netherlands: the Park Plaza Victoria Amsterdam Hotel; the Park Plaza Utrecht Hotel; the art'otel Amsterdam and the Park Plaza Airport Hotel, that the transfer of title in the shares of the Purchased Companies to PPHE Netherlands B.V. and the payment of the consideration have occurred. The consideration in the transaction consists of: the payment of $23M in cash and the issuance of 700,000 ordinary shares of PPHE to Elbit, with an estimated fair market value of approximately 3.5M. :theflyonthewall.com |
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