Wednesday, August 13, 2014

Kinexia: 47 mln agreement on restructuring with Sheikh ‘Pearl … – Italian Stock Exchange

Kinexia: 47 mln agreement on restructuring with Sheikh 'Pearl … – Italian Stock Exchange

Hamed Bin Ahmed Al Hamed Arab Emirates (Il Sole 24 Ore Thomson Financial) – Milan, 13 Dec – Strategic agreement between Kinexia and Sheikh Hamed Bin Ahmed Arab Emirates to Hamed for restructuring in key eco-sustainable hotel complex ‘Perla Jonica’ of Acireale, in the province of Catania, for 47 million euro. As stated in a note, “the complex and ‘destined to become the convention resort-hotel’ largest in the Mediterranean totally carbon neutral.” The structure will take ‘the name of Hilton Hotel Capo Mulini and will be’ managed by the homonymous international hotel group. Sara ‘s subsidiary Kinexia, Volteo energies to achieve for complex activities’ of EPC (Engineering, Procurement, Construction) as a General Contractor. The completion and testing of the structure are planned for the end of 2016 The hotel complex ‘was purchased from the Item, controlled by Sheikh, August 7 from the group in special administration ex-Prodi law’ Achievements Tourist Hotel SpA ‘, under the supervision of Ministry of Economic Development. The transaction will bring ‘the creation of about 450 jobs.

the com–

(Thomson Financial) 08/13/14 19:13:48 (0465) IMM 3 NNNN


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