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DEMIRE Deutsche Mittelstand Real Estate AG Lyoner Straße 32 60528 Frankfurt/Main, Germany http://www.demire.ag
Contact Mr Dominic Köfner +49 69 7191897936
Company logo of DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE Deutsche Mittelstand Real Estate AG

MAGNAT sells the Russian Sadko investment and in doing so reduces its commitment in Russia

(PresseBox) (Frankfurt am Main, )
.
- The contract on the sale of the Russian Sadko investment was signed at the end of March; prepayment of about 50% took place today.
- The investment backflow is around EUR 0.8 million. The Sadko investment was acquired with original costs of around EUR 1.8 million.
- Adjustments in value, for example due to currency effects, were already made in the previous periods. Therefore, it is not expected that the transaction will further influence the fourth quarter result negatively.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.