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Safe Bag SpA unit raises stake in JV Safe Wrap of Florida to 74.5 pct

Wednesday, 21 Jan 2015 06:30am EST

Safe Bag SpA:Says its unit Safe Bag USA raises stake in JV Safe Wrap of Florida to 74.5 pct from 49 pct.Says Safe Bag USA signed agreement with Secure Wrap of Miami and Radames Villalon.Transaction involves transfer of 50 pct stake held by Safe Bag USA in Secure Wrap of Miami to Mr. Villalon.Transaction involves sale in favor of Safe Bag USA of 25.5 pct interest held by Secure Wrap of Miami in JV Safe Wrap of Florida.

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