Replies to post #1528 on Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces Update Regarding the Negotiations on a Possible Forward Sale Transaction of Belgrade Plaza (Visnjicka) by Its Subsidiary, Plaza Centers

TEL AVIV, Israel, Oct. 26, 2016 (GLOBE NEWSWIRE) -- Elbit Imaging Ltd. (“EI” or the “Company”) (EMITF) (EMITF) announced today, in further to its announcement dated on September 29, 2016, that Plaza Centers N.V. ("Plaza") (PLAZ.L), an indirect subsidiary (45%) of the Company, has terminated the negotiations with a third party regarding a possible forward sale of Belgrade Plaza in Serbia.

Plaza is actively exploring and assessing existing alternative offers it has received on the asset and will decide in this regard shortly.
The Company will update regarding any new developments.

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