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BRIEF-Tecnoinvestimenti buys remaining stakes in units Ribes and Assicom
March 28, 2017 / 2:56 PM / 6 months ago

BRIEF-Tecnoinvestimenti buys remaining stakes in units Ribes and Assicom

March 28 (Reuters) - Tecnoinvestimenti SpA:

* Board approves the acquisition of the minorities of subsidiaries Ribes and Assicom, obtaining as a consequence the full control of the two units

* The total cost of the transactions is 35 million euros ($38.04 million)

* Cost of the transactions will be paid utilizing already available liquid resources

* The decision allows Tecnoinvestimenti to promote the integration of the two companies Source text for Eikon: Further company coverage: ($1 = 0.9201 euros) (Gdynia Newsroom)

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