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BRIEF-CHL H1 net loss widens to EUR 0.9 mln, to buy majority stake in Terra
September 30, 2016 / 11:32 AM / a year ago

BRIEF-CHL H1 net loss widens to EUR 0.9 mln, to buy majority stake in Terra

Sept 30 (Reuters) - Centro HL Distribuzione SpA :

* Said on Thursday that the board approved the acquisition of a stake from 80 pct to 100 pct in Terra

* Terra operates in the sectors of telecoms and services for e-commerce

* The value of the total stake in Terra ranges from 12 million euros ($13.41 million) to 15 million euros

* To incorporate Terra via capital increase reserved to Terra shareholders

* Reported H1 revenue 2.1 million euros ($2.35 million) versus 2.9 million euros a year ago

* H1 net loss 0.9 million euros versus loss 0.8 million euros a year ago

Source text for Eikon:

Further company coverage:

$1 = 0.8943 euros $1 = 0.8946 euros Gdynia Newsroom

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