Teixeira Duarte Completes Refinancing Agreement With Banks

About this update from Teixeira Duarte, S.a.

Teixeira Duarte SA EURONEXT:TDSA:SAID ON MONDAY COMPLETES REFINANCING AGREEMENT WITH BANKSDELIVERY OF SHARES REPRESENTING PART OF SHARE CAPITAL OF FIVE REAL ESTATE COMPANIES GENERATES LOSS OF 2.7 MILLION EUROS IN GROUP'S ACCOUNTSTRANSACTION ALLOWS TEIXEIRA DUARTE GROUP TO SETTLE ITS DEBT TO BANKS IN AMOUNT OF 78.3 MILLION EUROSIT ALSO HAS POSITIVE IMPACT ON GROUP'S ACCOUNTS, RESULTING FROM APPRECIATION OF INTEREST RETAINED BY TEIXEIRA DUARTE GROUP IN THOSE COMPANIES, OF ABOUT 35 MILLION EUROS Source text Further company coverage:

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