June 14, 2017 / 7:25 PM / 5 months ago

BRIEF-Cerberus says Orion acquires outstanding equity in Sotogrande

June 14 (Reuters) - Cerberus Capital Management Lp :

* Says Orion’s European Real Estate Fund Iv acquired remaining 50% of Sotogrande Luxco, owned by an affiliate of Cerberus

* Cerberus capital management says Orion is now sole shareholder of Sotogrande Luxco, owning about 99 percent of Sotogrande SA

* Says it is envisaged that sotogrande luxco will launch a delisting takeover bid over the sotogrande shares

* Says transaction marks the beginning of the second phase of Sotogrande SA’s redevelopment and repositioning plan Source text for Eikon: Further company coverage:

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