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BRIEF-Skycity Entertainment Group Confirms Sale Of Darwin Business Is Now Unconditional

Published 29/03/2019, 07:04 am
© Reuters.  BRIEF-Skycity Entertainment Group Confirms Sale Of Darwin Business Is Now Unconditional
SKC
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March 29 (Reuters) - Skycity Entertainment Group Ltd SKC.NZ :

* SALE OF SKYCITY DARWIN BUSINESS

* CONFIRMS THAT SALE OF ITS DARWIN BUSINESS TO DELAWARE NORTH IS NOW UNCONDITIONAL

* SALE PRICE OF A$188 MILLION FOR 100 PER CENT OF THE SHARES IN SKYCITY DARWIN PTY LIMITED

* FOLLOWING COMPLETION OF THE TRANSACTION, SKYCITY WILL PROVIDE CERTAIN AGREED TRANSITIONAL SERVICES TO DELAWARE NORTH.

* LITTLE MINDIL PROPERTY RETAINED BY SKYCITY AND IS TO BE SOLD SEPARATELY

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