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BRIEF-Trinity updates on disposal of 20% interest in Salvatore Ferragamo JV companies
December 20, 2016 / 1:02 PM / 9 months ago

BRIEF-Trinity updates on disposal of 20% interest in Salvatore Ferragamo JV companies

Dec 20 (Reuters) - Trinity Ltd

* discloseable Transaction-disposal Of The 20% Interest In The Salvatore Ferragamo Joint Venture Companies

* Deal for total cash consideration of approximately US$16.1 million

* It is expected that disposals will generate a gain of approximately US$2.1 million

* Sellers sold to purchaser shares representing 20% of issued share capital of each of ferragamo companies

* Sellers, which are wholly-owned subsidiaries of company, and purchaser (Salvatore Ferragamo S.P.A.) entered into sale and purchase agreement Source text for Eikon: Further company coverage:

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