On September 13th, 2018 ERG Capital-3 signed a preliminary agreement for sale of real estate owned by the company in Varna.

The execution of the final agreement is scheduled for November 15th, 2018. The sale price is EUR 3,500,000, without VAT, while the expenses for executing the final agreement will be split equally between the seller and the buyer.

The investor should keep in mind that the preliminary agreement is executed subject on certain conditions that if not fulfilled the preliminary agreement might be terminated or cancelled.