Jan 11 (Reuters) - SIF Italia SpA SF.MI :
* BOARD RESOLVES TO GRANT POWER TO PRESIDENT REALE RUFFINO
TO
FORMALISE SERIES OF AGREEMENTS TO EXPAND COMPANY'S PROPERTY
PORTFOLIO
* FIRST AGREEMENT CONCERNS PURCHASE OF REMAINING 60% OF
GESTIONISTABILI, WITH EXPECTED DATE FOR SIGNING OF PURCHASE DEED
ON JAN. 12
* AGREED PRICE FOR 60% OF GESTIONISTABILI IS EUR 153,000
* ACQUSITION OF 100% OF STUDIO CAMPANA ZENI SOCIETA'
SEMPLICE FOR
EUR 120,000 IN ADDITION TO EUR 30,000 FOR SEVERANCE PAY OF TWO
EMPLOYEES
* OTHER AGREEMENT REFERS TO OPENING OF TWO BRANCHES IN LECCO
AND
VICENZA, IN ITALY
Further company coverage: SF.MI
(Gdansk Newsroom)
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