May 2, 2018 / 6:50 AM / 18 days ago

BRIEF-Tamburi: Asset Italia 1 Finalizes Agreement To Buy Additional Stakes In Alpitour

May 2 (Reuters) - Tamburi Investment Partners SpA:

* ASSET ITALIA 1 FINALIZES AGREEMENT WITH WISE SGR AND ILP III TO BUY ADDITIONAL STAKES IN ALPITOUR

* AGREEMENT PROVIDES FOR PURCHASE OF WISH AND OF STAKE OWNED BY AZURLINE, OWNERS IN TOTAL OF 38.8% OF ALPITOUR

* STAKE TO BE BOUGHT BY NEWLY INCORPORATED COMPANY ALPIHOLDING OF WHICH 49.9% WILL BE OWNED BY ASSET ITALIA 1

* AGREEMENT IS ON THE BASIS OF A VALUATION OF ALPITOUR GROUP OF EUR 470 MILLION

* TRANSACTION IS ALSO IN THE LIGHT OF LISTING OF ALPITOUR GROUP IN THE NEXT TWO OR THREE YEARS

* ASSET ITALIA 1 IS A COMPANY PROMOTED BY TAMBURI INVESTMENT PARTNERS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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