SkiStar CEO says aims to buy all shares in Austrian ski resort

SkiStar AB

11/12/2015 08:33

STOCKHOLM, Dec 11 (Reuters) - Swedish ski resort operator 
SkiStar  SKISb.ST  intends to buy 68 percent of Austrian ski 
resort St Johann and will also look to buy the remaining shares 
at a later stage, its chief executive said on Friday. 
    The company announced earlier on Friday it had been offered 
to buy 68 percent in the St Johann resort through a preferential 
share issue totalling 10 million euros ($11 million). 
    "We intend to go through with the deal," Chief Executive 
Mats Arjes told Reuters. 
    Due to local rules, SkiStar has to wait four weeks with the 
deal after the Austrian firms' shareholder meeting on Thursday 
before it can formally make the acquisition, Arjes said. After 
that the he said "the ambition is to buy the remaining shares". 
 
($1 = 0.9123 euros) 
 
 (Reporting by Olof Swahnberg; editing by Niklas Pollard) 
 ((Olof.Swahnberg@thomsonreuters.com; 08-700 1019; Reuters 
Messaging: olof.swahnberg.reuters.com@reuters.net)) 
 
Keywords: SKISTAR AUSTRIA/