May 29, 2017 / 5:32 AM / 3 months ago

BRIEF-IFA Hotel & Touristik says unit acquires all shares in its subsidiaries

May 29 (Reuters) - IFA HOTEL & TOURISTIK AG:

* SAID ON FRIDAY ITS SUBSIDIARY IFA CANARIAS S.L. ACQUIRED ALL ITS SHARES IN ITS PREVIOUS SUBSIDIARIES, IFA BEACH HOTEL, S.A.U., IFA DUNAMAR HOTEL, S.A.U. AND THE IFA CONTINENTAL HOTEL, S.A.U. TO A FINANCIAL INVESTOR BASED IN SPAIN

* THE PURCHASE PRICE FOR ALL SHARES IN THE THREE HOTELS IS AROUND EUR 104,410,000

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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