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CORRECTED-BRIEF-Compagnia Immobiliare Azionaria settles dispute with NH Hotels over stake in Donnafugata Resort
November 3, 2015 / 7:21 AM / 2 years ago

CORRECTED-BRIEF-Compagnia Immobiliare Azionaria settles dispute with NH Hotels over stake in Donnafugata Resort

(Changes company name from Donna Fugata Resort to Donnafugata Resort in headline, first bullet and third bullet.)

Nov 2 (Reuters) - Compagnia Immobiliare Azionaria SpA (CIA) :

* Said on Monday that it settled by arbitration a dispute with Spain’s NH Hotel Group SA concerning the payment for a 15 percent stake in Donnafugata Resort after that CIA exercised its put option on the stake

* CIA to receive 5.2 million euros ($5.73 million) from NH Hotel Group, with a 3.0 million euro capital gain

* CIA still owns a 0.28 percent stake in Donnafugata Resort (Donnafugata Srl)

Source text for Eikon:

Further company coverage:

$1 = 0.9075 euros Gdynia Newsroom

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