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Mittel SpA Completes Sale of 65% Stake in Real Estate Societa di Gestione del Risparmio SpA to Vantu SpA and Fintrading SpA


Friday, 8 Mar 2013 01:05pm EST 

Mittel SpA announced that on March 8, 2013 it has completed the sale of 65% stake in the share capital of the subsidiary Mittel Real Estate Societa di Gestione del Risparmio SpA (MiRe SGR) to Vantu SpA and Fintrading SpA for a total of approximately EUR 1.8 million. Vantu SpA has acquired 50% stake in MiRe SGR and Fintrading SpA the remaining 15% stake. Following the sale, Mittel SpA still holds 35% stake in MiRe SGR. Vantu SpA is a company controlled by Dr. Angelo Rovati, Director of Mittel SpA, as well as Chairman of MiRe SGR and of Mittel Management Srl. 

Company Quote

1.55
0.0090 +0.58%
11:30am EDT