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Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Says it is in ‘advanced discussions’ with a third party regarding the possible sale of its property portfolio. Notes there can be no certainty that a sale will take place nor the terms on which a sale might happen. Will continue to conduct its strategic review within the framework of a formal sales process ‘until further notice.’
In March, Ediston hired Investec Bank PLC to lead a strategic review, saying its preference was to merge with ‘one or more’ fellow REITs.
Current stock price: 67.81 pence, up 7.1% in London on Thursday morning
12-month change: down 13%
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