Potential acquisition of a hotel company in Sicily by AS Pro Kapital Grupp
AS Pro Kapital Grupp (Pro Kapital) has signed on April, 26 2022 a preliminary settlement with an intention to purchase 100% of the shares of P.Okay. Sicily S.P.A. (registered workplace in Milan, Italy), which owns and operates hotel Domina Zagarella Sicily.
With this settlement Pro Kapital, as a promissory purchaser, reserved its rights to purchase the shares for the value of 12 million euros and initiates authorized and monetary due diligence. Pro Kapital had time till September, 30 2022 to resolve whether or not to proceed with the transaction or decline.
As the authorized and monetary due diligence has taken longer than anticipated, the events have agreed that Pro Kapital has till January, 31 2023 to resolve whether or not to proceed with the transaction or decline.
Domina Zagarella with its 340 hotel rooms and numerous services is positioned in Santa Flavia, on the seaside, simply a few kilometres from Palermo.
Edoardo Axel Preatoni
Member of the Management Board
Phone: +372 614 4920