FC Global Completes First Stage of Integration with Gadsden Growth Properties
FC GLOBAL REALTY INC (FCRE)
US:NASDAQ Investor Relations:
quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=fcre&country=usa
Company Research
Source: Business Wire
Change of Control Transaction Closed Earlier This Quarter Between FC Global and Gadsden SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Gadsden Growth Properties, Inc., a privately-held real estate corporation (“Gadsden”), and FC Global Realty Incorporated (OTC Pink: FCRE; TASE: FCRE “FC Global”) today announced that it has completed its first stage of integration between FC Global and Gadsden’s operation after previously closing a Stock Purchase Agreement in April. FC Global has now acquired all of the general partnership interests and Class A limited partnership interests in Gadsden’s operating partnership Gadsden Growth Properties, L.P. “We are pleased that we have been able to bring this unique opportunity to fruition, which is a vital step in continuing our strategic real estate investment strategy,” stated John E. Hartman, Chief Executive Officer of Gadsden Growth Properties, Inc. and FC Global Realty
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