November 6, 2017 / 7:37 AM / in 14 days

BRIEF-Raven Russia says unit to acquire logistics park in Moscow​

Nov 6 (Reuters) - RAVEN RUSSIA LTD:

* ‍SUBSIDIARY OF COMPANY HAS ENTERED INTO AN AGREEMENT FOR ACQUISITION OF A LOGISTICS PARK IN MOSCOW​

* ‍INITIAL CONSIDERATION OF RUR 5.119 BILLION ($86.58MILLION), IS PAYABLE WITH A FURTHER DEFERRED ELEMENT OF CONSIDERATION DUE WITHIN 18 MONTHS OF COMPLETION​

* ‍DEFERRED CONSIDERATION PAYABLE IS ESTIMATED TO BE BETWEEN RUR 1.51BILLION AND RUR 1.97 BILLION​

* ‍CONSIDERATION IS SATISFIED IN CASH​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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