PropertyEU

Norwegian Property agrees to sell Norgani Hotels for EUR 1.4b

By A staff reporter 2008-05-02T00:00:00

Norwegian Property said on Friday that it had signed a letter of intent to sell Norgani hotel group for NOK 11.2bn (EUR 1.4bn) to an unnamed group. 'This transaction will solve all short-term financial challenges,' Norwegian Property CEO Petter Jansen said. 'Furthermore, the capital gain and cash release creates a ...

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