Safe Bag SpA increases stake in JV Safe Wrap of Florida
Safe Bag SpA:Signs an agreement to increase the stake held in the JV Safe Wrap of Florida to 74.5 pct.The agreement entails the sale to Safe Bag by Americas Wrapping Holding (AWH) and by Henry Ramos of a 50 pct stake held in Secure Wrap of Miami, company that owns 51 pct in JV Safe Wrap of Florida.Says the stake adds on to the direct stake already held in JV Safe Wrap of Florida and thus reaches the 74.5 pct.Says the value of the transaction $1.9 mln.
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