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Plaza Centers NV - property investor in India - Completes the sale of India Real Estate Holdings Ltd rights in a site in Bangalore, India. Sells for a total of EUR14.3 million. The company expects to receive EUR5.2 million from the disposal. The sale follows a lengthy dispute between Elbit and an unnamed local investor. India Real Estate is a subsidiary of the company which is held equally with Elbit Imaging Ltd.
Current stock price: 30.00 pence
12-month change: down sharply from 12,500 pence
By Heather Rydings; heatherrydings@alliancenews.com
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