Sintesi Società di Investimenti e Partecipazioni S.p.A. (BIT:SII) acquired an additional 13.25% stake in Unione Alberghi Italiani S.p.A. (BIT:UAI) for €0.6 million on November 16, 2012. Under the transaction, 1.135505 million ordinary shares were acquired at €0.5141 per share and 0.714471 warrant ordinary shares were acquired for €0.03 per warrant. Post transaction, Sintesi will hold 14.62% stake in Unione Alberghi.


Sintesi Società di Investimenti e Partecipazioni S.p.A. (BIT:SII) completed the acquisition of 13.25% stake in Unione Alberghi Italiani S.p.A. (BIT:UAI) on November 16, 2012.