Oct 14 (Reuters) - Global Construction Services Ltd GCS.AX :
* Asx alert-GCS divests 50% stake in Smartscaff - to receive $17.5m cash-GCS.AX
* Signed binding agreement to sell its 50% interest in Smartscaff Pty Ltd to remaining shareholders in Smartscaff for $10.5m in cash
* Agreement to sell 50% interest in Smartscaff to remaining shareholders in Smartscaff for $10.5m in cash
* In addition upon settlement gcs will receive $7.0m from smartscaff as repayment of its outstanding loan with GCS Source text for Eikon: ID:nASXbTfJW7 Further company coverage: GCS.AX