Barnwell Industries Advances Strategic Transformation Through Sale of Remaining Hawaii Development Interests
Barnwell Industries entered into a definitive agreement to sell its remaining Hawaii development interests for a gross purchase price of $1.77 million, expecting approximately $1.5 million in net cash proceeds. The transaction includes the sale of indirect partnership interests in KKM Makai, LLLP and KD Kona 2013 LLLP, and is part of a strategy to simplify the portfolio and strengthen the balance sheet.
Key figures
- Deal Value Usd
- $1.77 million
- Net proceeds
- $1.5 million
- Pre closing distribution
- $0.1 million
AI analysis
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