Brief: Safestay Buys Spanish Hotel In Cordoba

Safestay

01/05/2024 07:09

May 1 (Reuters) - Safestay PLC  SSTY.L :
    * SAFESTAY PLC  - ACQUISITION
    * SAFESTAY PLC - ACQUISITION OF SPANISH HOTEL IN CORDOBA
    * SAFESTAY PLC- PROPOSED DEAL CONSIDERATION WILL BE EUR 2
MILLION
FUNDED FROM GROUP'S EXISTING CASH BALANCE
    * SAFESTAY PLC - UNDER SAFESTAY BRAND SITE WILL BE CONVERTED
INTO
A 100 BED HOSTEL
    * SAFESTAY PLC - CASH CONSIDERATION WILL BE EUR 2 MILLION
FUNDED
FROM GROUP'S EXISTING CASH BALANCE

Source text for Eikon:  ID:nRSA6691Ma 
Further company coverage:  SSTY.L 

 ((Reuters.Briefs@thomsonreuters.com;))