Brief: FNM To Sell Stakes In Locoitalia And Fuorimuro Servizi Portuali E Ferroviari

FNM SpA

23/12/2019 09:20

Dec 23 (Reuters) - FNM SpA  FNMI.MI :
    * SAID ON FRIDAY IT SIGNED PRELIMINARY CONTRACT FOR THE SALE
OF
51% STAKE IN LOCOITALIA SRL
    * IT SIGNED PRELIMINARY CONTRACT FOR THE SALE OF 49% STAKE
IN
FUORIMURO SERVIZI PORTUALI E FERROVIARI SRL
    * SALE OF LOCOITALIA TO FOLLOW FINALIZATION OF PRELIMINARY
PARTIAL
AND PROPORTIONAL DEMERGER OF THE SAME IN A NEWLY CREATED COMPANY
    * CONSIDERATION FOR THE SALE OF THE STAKE HELD IN FUORIMURO
SERVIZI PORTUALI E FERROVIARI TO TENOR SRLIT IS EQUAL TO EUR 0.5
MILLION 
    * FINALIZATION OF SALES IS EXPECTED IN THE FIRST QUARTER OF
THE
2020 FINANCIAL YEAR 
    * TRANSACTIONS WILL HAVE AN IMPACT ON THE GROUP'S NET
FINANCIAL
POSITION OF ABOUT EUR 2.0 MLN AND AN ECONOMIC GAIN IN THE
CONSOLIDATED FINANCIAL STATEMENTS OF EUR 0.8 MLN FROM THE SALE
OF STAKE IN LOCOITALIA 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4t44tZ
    
 Further company coverage:  FNMI.MI  
   


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