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BRIEF-Assiteca raises stake in Artigianbroker to 60 pct, sells 73.3 pct of Assiteca Crowd
May 22, 2017 / 5:45 AM / 5 months ago

BRIEF-Assiteca raises stake in Artigianbroker to 60 pct, sells 73.3 pct of Assiteca Crowd

May 22 (Reuters) - ASSITECA SPA INTERNAZIONALE DI BROKERAGGIO ASSICURATIVO

* SAID ON FRIDAY IT CONCLUDED THE AGREEMENTS FOR THE ACQUISITION FROM HONEYCOMB SRL OF A FURTHER 20 PCT STAKE IN ARTIGIANBROKER SRL, RAISING ITS STAKE TO 60 PCT

* THE TRANSFER OF THE STAKE WILL BE EFFECTIVE AS OF MAY 26 AT THE PRICE OF EUR 110,000

* RESERVED TO CONFARTIGIANATO, WHICH OWNS 40 PCT IN ARTIGIANBROKER, THE OPTION RIGHT TO BUY 10 PCT

* ARTIGIANBROKER IS AN INSURANCE BROKER

* SOLD 73.3 PCT STAKE IN ASSITECA CROWD SRL AT THE SYMBOLIC PRICE OF EUR 1

* THE SALE OF ASSITECA CROWD WAS DETERMINED BY THE LENGTHENING OF THE TIME FOR THE DEVELOPMENT OF THE INITIATIVE, NOT IN LINE WITH THE GROWTH STRATEGY OF ASSITECA

Source text: reut.rs/2q8bD9W

Further company coverage: (Gdynia Newsroom)

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