Kardan sells its holdings in AVIS Ukraine
(WorldNews Netherlands)

KARDAN SELLS ITS HOLDINGS IN AVIS UKRAINE Amsterdam, January 15, 2019 - Kardan N.V. (`Kardan` or `the Company`), active in Real Estate and Infrastructure in emerging markets hereby announces that it has signed an agreement to sell its (indirect) entire holdings (66%) in the joint venture AVIS Ukraine to its partner UTS. On January 14, 2019 Kardan Financial Services B.V. (`KFS`), a 100% subsidiary of Kardan, signed an agreement to sell its 66% stake in TBIF Dan Leasing Limited (`TDLL`) and its shareholder`s loans to its partner in TDLL, Universal Transportation Solutions Ltd. (`UTS`). TDLL is the sole shareholder of `company with Foreign Investment VIP Rent` which operates the AVIS franchise...