Invest Eur 50 Mln in Club Del Sole

NB Aurora SA SICAF RAIF

29/11/2018 07:10

Nov 29 (Reuters) - NB Aurora S.A. SICAF-RAIF  NBAA.MI :
    * SAID ON WEDNESDAY THAT TOGETHER WITH SOME ITALIAN FAMILY
OFFICES, WILL ACQUIRE ABOUT 40 PCT OF CLUB DEL SOLE FOR A TOTAL
INVESTMENT OF EUR 50 MILLION
    * NB AURORA TO DIRECTLY INVEST ABOUT EUR 35 MILLION AT
CLOSING
(FOR A STAKE OF ABOUT 28 PCT)
    * NB AURORA AND CO-INVESTORS WILL INVEST IN CLUB DEL SOLE
THROUGH
A NEWLY CREATED LIMITED COMPANY
    * CLOSING IS EXPECTED BY THE END OF THE YEAR, FOLLOWING
COMPLETION
OF CAPITAL INCREASE SUBSCRIPTION IN KIND BY THE GIONDI FAMILY
AND OTHER MINORITY SHAREHOLDERS AND SIMPLIFICATION OF CORPORATE
STRUCTURE
    * PLANS ALSO ACQUISITION OF THE MINORITY STAKE CURRENTLY
OWNED BY
EMISYS SGR (ON BEHALF OF EMISYS DEVELOPMENT FUND) BY NB AURORA
AND THE OTHER INVESTORS
    * CLUB DEL SOLE, OWNED BY GIONDI FAMILY, DIRECTLY MANAGES 11
CAMPING VILLAGES IN 6 CENTRE-NORTH ITALIAN REGIONS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbFSmTt
    
 Further company coverage:  NBAA.MI  
   


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