Brief: CHL H1 net loss widens to EUR 0.9 mln, to buy majority stake in Terra

Centro HL Distribuzione SpA

30/09/2016 12:28

Sept 30 (Reuters) - Centro HL Distribuzione SpA  CHL.MI : 
    * Said on Thursday that the board approved the acquisition 
of a stake from 80 pct to 100 pct in Terra 
    * Terra operates in the sectors of telecoms and services for 
e-commerce 
    * The value of the total stake in Terra ranges from 12 
million euros ($13.41 million) to 15 million euros 
    * To incorporate Terra via capital increase reserved to 
Terra shareholders 
    * Reported H1 revenue 2.1 million euros ($2.35 million) 
versus 2.9 million euros a year ago 
    * H1 net loss 0.9 million euros versus loss 0.8 million 
euros a year ago 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA29390 
     
 Further company coverage:  CHL.MI   
    
 
 
 
($1 = 0.8943 euros) 
 
 
($1 = 0.8946 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))