First Sponsor: Partners With Key Shareholders CDL & Tai Tak For The Acquisition Of The Le Meridien Frankfurt Hotel In Germany.

07 Dec 2017 10:19

First Sponsor Group Limited in partnership with its two key shareholders, City Developments Limited and Tai Tak Estates Sendirian Berhad, has through a joint venture partnership on 6 December 2017 entered into a sale and purchase agreement for the proposed acquisition of the Le Méridien Frankfurt Hotel in Germany. The expected total consideration for this Acquisition is 85.0 million (S$135.9 million) including transaction costs...

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Source: ShareInvestor Express