PLAZA CENTERS N.V.Pre-Sale Agreement • July 4th, 2019
Contract Type FiledJuly 4th, 2019Plaza Centers N.V. (“Plaza” or the “Company”) announced today, further to its announcements dated February 11, 2019 and June 14, 2019, that it has signed a pre-sale agreement (the "Agreement") with AFI Europe N.V. (the "Purchaser", and together with the Company, the "Parties"), an indirectly wholly-owned subsidiary of Africa Israel Properties Ltd., an Israeli Company listed on TA-90 Index (the top 90 companies traded on the Tel Aviv Stock Exchange), for the sale of its subsidiary (the "SPV") which holds 75% in the Casa Radio Project (the "Project"), for a maximum consideration of EUR 60 million, subject to the fulfilment of certain conditions (the "Transaction").