Symphony Global Holdings Limited is to announce that it has signed a Term Sheet agreement to sell Riverside Development Holdings Limited (ADGM), the esteemed parent company of Riverside Development Limited (Mink, Belarus), the distinguished developer behind the North Waterfront project in Minsk, Belarus. The prospective buyer is based in the United Arab Emirates (UAE).
Currently, both parties are diligently engaged in the necessary due diligence procedures. Upon the successful completion of this phase, the transaction will proceed in accordance with standard procedures.
“We are happy about the prospects that this agreement brings to both Symphony Global Holdings Limited and the UAE-based buyer,” stated Fred Durrie, Director at Symphony Global Holdings Limited.