StockMarketWire.com - Secure Property Development and Investment said it expected to complete a previously-announced sale of its assets outside of Greece to Arcona Property Fund by the end of 2019.

The all-share transaction valued the non-Greek portfolio at €29.3m, based on a net asset value of €13.98 per Arcona share.

The deal remained conditional on the satisfactory completion of due diligence and Secure Property shareholder.

'Due diligence is well advanced and to date no issues have been uncovered that would obstruct the successful completion of the transaction,' Secure Property said.

'As we progress towards completing the Arcona deal in three stages over the second, third and fourth quarter of 2019, we are moving closer towards what we believe will be a value trigger event for our shareholders,' chairman Michael Beys said.


At 9:17am: [LON:SPDI] Secure Property Development Investment Plc share price was +1p at 9p



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