Gabetti Property Solutions announced via a note that it has sold to Marfin Srl (holding company of the Marcegaglia Group) and to Acosta Srl 50% each of its shareholding, equal to 100% of the share capital, in Investment Services Spa, holding company of the Investment Business Unit, a a total price of 120.000 euros.
With this assignment, that is part of the restructuring agreement signed with the banks on 27 July last, il Gabetti Group reduced its financial debt by 94,6 million euros, thus dropping from 151,7 to 57,1 million euros. Having divested the Business Unit, the Group will now focus solely on the services business.
After the news, well the stock than on the stock exchange gains 3,42% at €0,0666 per share.
