Brief: Portale Sardegna Raises Stake In Royal Travel Jet Sardegna To 100 Pct

Portale Sardegna SpA

15/11/2018 08:40

Nov 15 (Reuters) - Portale Sardegna SpA  PSAR.MI : 
    * REPORTED ON WEDNESDAY IT HAS EXERCISED THE OPTION TO BUY
49 PCT
STAKE IN ROYAL TRAVEL JET SARDEGNA, GAINING FULL CONTROL OF THE
COMPANY
    * PRICE OF THE ACQUISITION WAS EUR 550,000 
    * HAS OBTAINED LOAN OF EUR 0.6 MLN TO FINANCE THE
ACQUISITION,
PRESERVE LIQUIDITY FOR FUTURE OPPORTUNITIES AND INCREASE LENGTH
OF CURRENT FINANCING

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4TgDCm
    
 Further company coverage:  PSAR.MI  
   


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