Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Says it is in "advanced discussions" with a third party regarding the possible sale of its property portfolio. Notes there can be no certainty that a sale will take place nor the terms on which a sale might happen. Will continue to conduct its strategic review within the framework of a formal sales process "until further notice."
In March, Ediston hired Investec Bank PLC to lead a strategic review, saying its preference was to merge with "one or more" fellow REITs.
Current stock price: 67.81 pence, up 7.1% in London on Thursday morning
12-month change: down 13%
By Heather Rydings, Alliance News senior economics reporter
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