Trikona Trinity Agrees To Extend DB Hospitality Sale Payment

29th Jul 2010 08:28

LONDON (Dow Jones)--Trikona Trinity Capital PLC (TRC.LN), a close-end investment company, said Thursday it has agreed to extend the payment regarding the sale of its investment in DB Hospitality Private Ltd subject to the payment of a non refundable deposit of GBP1.4 million being 10% of the full consideration, which has been made, together with interest on the unpaid balance. MAIN FACTS: -The buyer has requested a further extension of time to Oct. 31 -Shares at 0725 GMT 0.25 pence up 0.25 pence, or 0.38%, at GBP66.75 pence, valuing the company at GBP140.46 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 29, 2010 03:28 ET (07:28 GMT)