Brief: Portobello Says Milan Prosecutor Notifies Seizure Order For EUR 9.8 Mln

Portobello SpA

21/07/2023 06:31

July 21 (Reuters) - Portobello SpA  PORTO.MI :
    * SAID ON THURSDAY PUBLIC PROSECUTOR'S OFFICE AT MILAN COURT
 HAS
DISPOSED OF PREVENTIVE SEIZURE ORDER FOR CASH INTO COMPANY BANK
ACCOUNTS
    * SEIZURE CONCERNS SUMS OF EUR 9.8 MLN, AFTER NON-COMPLETION
OF
SETTLEMENT ISSUED BY ITALY'S TAX OFFICE (AGENZIA DELLE ENTRATE)
    * WILL SEEK REVOCATION OF SEIZURE ORDER, SAID IT HAS ALWAYS
OPERATED WITH UTMOST FAIRNESS
    * CREATED CASH DEPOSIT OF ABOUT EUR 4 MLN TO SETTLE ISSUE
    * COMPANY SEES NO SIGNIFICANT IMPACT ON ITS BUSINESS
OPERATIONS

        
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