Jelmoli closes EUR 40m acquisition of Tivona

By A staff reporter 2009-03-02T00:00:00

Swiss property company Jelmoli said on Friday that it has closed the acquisition of the remaining 55.5% stake in Tivona AG for CHF 60 mln (EUR 40 mln) in cash and 80,000 Jelmoli shares. All closing conditions have been fulfilled and Tivona will be fully consolidated with immediate effect, the ...

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