Reuters logo
BRIEF-Hongkong and Shanghai Hotels updates on acquisition of Grosvenor's 50% economic interest
September 30, 2016 / 1:32 PM / in a year

BRIEF-Hongkong and Shanghai Hotels updates on acquisition of Grosvenor's 50% economic interest

Sept 30 (Reuters) - Hongkong and Shanghai Hotels Ltd

* HK&S Hotels-discloseable Transaction - Acquisition Of Grosvenor’s 50% Economic Interest In The Redevelopment Of 1-5 Grosvenor Place, Belgravia, London, The United Kingdom

* Number of agreements, amongst others, a termination and release agreement and, a framework agreement were entered into

* Agreements to effect a restructuring of previous joint venture arrangements in respect of London project

* Company acquired Grosvenor’s 50% economic interest in redevelopment of site and restructured London project

* Total consideration was funded from company’s own resources

* Deal for consideration for transaction is £107.5 million Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below