Sale of co-investment in Elanor Commercial Property Fund (ASX: ECF) Elanor has entered into a binding agreement for the sale of its 12.6% interest in ECF via an off-market sale to the Lederer Group for approximately $23.9 million, representing a sale price of $0.60 per ECF security. Proceeds from the sale will be used to reduce the Group’s senior secured fully revolving debt facility by $15 million and for working capital requirements. Settlement of the sale of ECF securities is due on 13 September 2024. Importantly, Elanor will continue as the Responsible Entity and Manager of ECF
Sale of co-investment in Elanor Commercial Property Fund (ASX:...
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