BRIEF-Grupo Gigante sells Dos Patios y Diseno brand for $117.5 mln

jueves 26 de mayo de 2016 11:33 GYT

May 26 (Reuters) - Grupo Gigante SAB de CV :

* Said on Wednesday sold to UIR Polanco SA de CV, unit of Union Investment Real Estate GmbH, property known as Corporativo Dos Patios, a Dos Patios y Diseno brand and related lease rights for $117.5 million plus VAT

* Says sold the asset to obtain funds to decrease debt and strengthen its business plan

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(Gdynia Newsroom)