KARDAN APPROACHES DEBENTURE HOLDERS IN RELATION
TO INTENDED SALE OF TAHAL
Amsterdam, November 31, 2017 – Kardan N.V. (‘Kardan’ or ‘the Company’), active in Real
Estate and Water Infrastructure in emerging markets announces that it has approached the
trustees of debenture holders Series A and B (‘the Debenture Holders’) to enter into
discussions with the Company with a view to reach certain agreements required for the
terms of the intended sale of the Company's entire holdings in Tahal Group International
B.V. (‘Tahal’) in relation to the timetable of such transaction, and the implications of the terms
of the intended sale for the timing of the upcoming payment to the Debenture Holders, due
in February 2018.
As has been reported earlier, the Company is conducting processes, directly or through its
subsidiaries, to sell part of its assets in order to be able to complete February 2018 debenture
repayment. It is noted, that an agreement for the sale of Tahal has not been signed yet and no date
for signing such agreement has been set; therefore there is no certainty that such agreement will
be signed or completed.
Kardan will publish its Q3-2017 results on 30 November 2017.
Kardan krijgt het spaans benauwd
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