CTT sell former Head Office in Lisbon for 25 million

CTT sell former Head Office in Lisbon for 25 million

This information is stated in a communication sent to the Comissão do Mercado de Valores Mobiliários (CMVM) (Securities and Exchange Commission), where it is explained that the ‘promise to buy’ contract was signed on the 15th December, although the buyer is not revealed.

This deal represents an added value of 16 million euros, having “a fiscal impact of about 2 million euros “ and  “it is in line with the policy of the disposal of non strategic assets when combined with necessary market conditions”, the CTT inform us

Completion should take place within a time period of twelve months.

 

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