EXCLUSIVE: Gaucho Holdings Tells Benzinga 'If the Company manages to sell these non-core properties at their listed price range of USD 2 to 2.4 Million, these proceeds would be directed towards reducing debt'
Portfolio Pulse from Benzinga Newsdesk
Gaucho Holdings has announced plans to sell non-core properties with a listed price range of USD 2 to 2.4 million. The proceeds from these sales will be used to reduce the company's debt.
October 04, 2023 | 12:00 pm
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Gaucho Holdings' plan to sell non-core properties and use the proceeds to reduce debt could potentially improve the company's financial health.
The sale of non-core properties could generate significant revenue for Gaucho Holdings, which they plan to use to reduce their debt. This could potentially improve the company's financial health and make it more attractive to investors, potentially leading to a short-term increase in the stock price.
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