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  1. Unitech Corporate Park completes sale of Candor’s issued share capital

Unitech Corporate Park completes sale of Candor’s issued share capital

The board of Unitech Corporate Park has announced the completion of sale of the entire issued share capital of Candor.

By: | Mumbai | Published: November 6, 2014 4:04 AM

The board of Unitech Corporate Park has announced the completion of sale of the entire issued share capital of Candor, its wholly owned subsidiary and holding company for all UCP’s interests, for £205.9 million to Canada’s Brookfield Asset Management. In a release, the company said the consideration from Brookfield was £188.9 million, reflecting the announced price of £205.9 million less an adjustment of £15.8 million for funds placed with two financial institutions, which had not been repaid by completion and £1.2 million for payments by Candor to or on behalf of UCP.

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