CC TRUST GROUP AG is a shareholder of One United Properties with 5% of the latter’s subscribed share capital.
Claudio Cisullo requests, through CC TRUST GROUP AG, that shareholders approve the contracting of a syndicated loan in the maximum amount of EUR140 million and the sale of all the shares (currently 6.431 shares) held by One United Properties in the share capital of ONE UNITED TOWER S.R.L., which owns the One United Tower building, for at least EUR114 million.
The credit facility is expected to be contracted from one or more financial institutions within the UniCredit group or other institutions selected by the coordinator after disbursement. The money could be used for developing residential projects, repaying certain intragroup loans or supporting the public share repurchase offers launched by One United Properties. The loan will be guaranteed with shares, intragroup receivables, bank accounts and project assets.
As regards One United Tower, the transaction is expected to be negotiated by the Board of Directors, at a base price of EUR114 million, adjustable to the working capital and vehicle debts.
One United Properties has a market capitalization of RON3.1 billion.