08 December, Milano Finanza
Following its strategy of repositioning in the hospitality sector, Nova Re Siiq entered an investment agreement with the companies Hotel Alla Salute, Alberghi Internazionali and Shg Hotel Verona for the acquisition of three hotels in Verona, Bologna (Zola Predosa area) and Vicenza. The agreement implies the full ownership of the three hotels by Nova Re for 12.5 million corresponding to 53.648% of each asset and payments in cash for the remaining 46.352%.
The Board of Directors has started the procedures for a new capital increase in cash in three tranches through the issuance of 1,970 common stocks at 5.48 euro each. The sale will happen through separate transfers corresponding to 46.352% of the hotels.
Source: Milano Finanza
Translator: Cristina Ambrosi