EXOR SpA Signs Agreement for Sale of Alpitour SpA


Friday, 23 Dec 2011 10:24am EST 

EXOR SpA announced that it has agreed to sell its travel and tourism company unit Alpitour SpA to private equity funds Wise SGR SpA and J. Hirsh & co. for the value of EUR 225 million. The Company, which is to buy 10% of the vehicle buying Alpitour, will book a capital gain of EUR 140 million and the operation is expected to close in the second quarter of 2012. 

Company Quote

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