Buying12 Mar 2019 07:38
I am adding again, as the refinancing should also provide details of disposal of what would be deemed a non core asset. Magasin Du Nord will fetch around £180m, but the sale had been selved previously. It’s a big asset, with a matching price tag. All about how the syndicate of lenders would feel about the disposal, however if they can secure that kind of money you can see how the whole business can be boosted with a cash injection.
I do think MA will be increasing his stake though, otherwise he is going to miss out and he’s done that a few times recently.