BlackBerry to divest majority of its Canadian real estate
Washington, Jan. 22 : BlackBerry Ltd is planning to divest the majority of its real estate holdings in Canada.
The move comes as the struggling mobile company is seeking to bolster its balance sheet and turn around its fortunes.
BlackBerry intends to strategically divest the majority of its real estate assets in partnership with commercial real estates services company CBRE.
Accordign to Fox News, Blackberry will divest its assets via a combination of sale-leaseback and vacant asset sales.
The company did not disclose how much it expects to raise from the process.
According to the report, the announcement comes barely a month after the technology company agreed to sell five buildings, along with some land, to the University of Waterloo for about C$41 million.
--ANI (Posted on 22-01-2014)
Share this Post:
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
MORE MAPS OF INDIA:
INDIA CITY MAPS:
KERALA TRAVEL MAPS: