By Ian Walker
Ediston Property Investment Co. is in advanced talks with RI UK 1, an indirect subsidiary of Realty Income, over the possible sale of a property portfolio.
The London-listed investment trust said Friday that there is no certainty that any sale will proceed, nor the terms that will be agreed upon.
“At this time the board is continuing to conduct its previously announced strategic review within the framework of a formal sale process,” Ediston said.
The company said in March that it was undertaking a review of options available to maximize shareholder value, including a preference for a merger with one or more other real estate investment trusts.
Shares at 1347 GMT were up 0.80 pence, or 1.15%, at 70.60 pence.
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