SAGAX DIVESTS 36 PROPERTIES IN SPAIN
· Sagax divests 36 properties in Spain for EUR 180 M and EUR 10 M in additional purchase price, rental income, or a combination thereof a Sagax's discretion · The purchase price exceeds the properties’ book value by EUR 15.6 M · The buyer is Coop Group, one of Switzerland's largest retail and wholesale companies Sagax has today entered into an agreement to divest 36 properties in Spain to Coop Group for EUR 180 million and a fixed and unconditional payment of EUR 10 million in additional purchase price, rental income, or a combination thereof at Sagax’s discretion.