(Alliance News) - GO internet Spa announced Friday that it and its majority shareholder, BID-GO Srl, have signed a shareholders' loan agreement for the provision by BID-GO to GO internet of an interest-bearing shareholders' loan of EUR700,000.

The loan is aimed at meeting the company's short-term economic and financial needs. The rate applied is 2%.

BID-GO launched a takeover bid on GO internet last May 31 and is intermantly controlled by Tiscali Spa, which in turn is controlled by Tessellis Spa.

GO internet's stock is flat at EUR0.80 per share while Tessellis' stock rises 1.0% to EUR0.70 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.