Brief: Compagnia Immobiliare Azionaria settles dispute with NH Hotels over stake in Donna Fugata Resort

Compagnia Immobiliare Azionaria SpA

03/11/2015 07:20

Nov 2 (Reuters) - Compagnia Immobiliare Azionaria SpA (CIA) 
 CIAZ.MI : 
    * Said on Monday that it settled by arbitration a dispute 
with Spain's NH Hotel Group SA  NHH.MC  concerning the payment 
for a 15 percent stake in Donna Fugata Resort after that CIA 
exercised its put option on the stake 
    * CIA to receive 5.2 million euros ($5.73 million) from NH 
Hotel Group, with a 3.0 million euro capital gain 
    * CIA still owns a 0.28 percent stake in Donna Fugata Resort 
 
     
  
     
 Source text for Eikon:  ID:nBIA022eb  
     
 Further company coverage:  CIAZ.MI   
    
 
 
 
($1 = 0.9075 euros) 
 
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