Compagnie Industriali Riunite S.p.A.

Equities

CIR

IT0000080447

Delayed Borsa Italiana Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-47.70%	-45.68%

Apr. 22	CIR bought back own shares for EUR609,000 approx.	AN
Apr. 15	CIR goes ahead with buybacks of its own ordinary shares	AN

CIR Compagnie Industriali Riunite : sale of interest in SEG (Swiss Education Group) for € 64.1 mln completed

November 26, 2015 at 09:38 am EST

Overall return on the investment € 45.5 million.CEO Mondardini: 'The agreement creates value for CIR and is consistent with our development strategy' Milan, 26 November 2015

CIR-Compagnie Industriali Riunite S.p.A.

has announced that its fully owned subsidiary CIR International completed today the

sale of its 17.4% shareholding in Swiss Education Group (SEG)

to a group of investors

for an amount

at current exchange rates of

€ 64.1 million

, of which € 3.9 million refers to the repayment of a shareholder loan.

SEG is the largest hotel management education group in Switzerland and a leading provider of hospitality management education and training internationally with 6,100 students from 110 different countries.

The CIR group had invested in SEG in 2011. The deal will give the group a capital gain of € 42.1 million in the year 2015 with an overall return on the investment of € 45.5 million,corresponding to an IRR (Internal Rate of Return) of 30%. Monica Mondardini, CEO of CIR, said: 'After having supported the growth of SEG in the last four years, we have completed an agreement that creates value for CIR. This transaction is consistent with our strategy of focusing the group on the development of its three main sectors - media with Espresso, automotive components with Sogefi, healthcare with KOS - pursuing at the same time the best valuation of its non-strategic activities'.

distributed by

Latest news about Compagnie Industriali Riunite S.p.A.

CIR bought back own shares for EUR609,000 approx.	Apr. 22	AN
CIR goes ahead with buybacks of its own ordinary shares	Apr. 15	AN
CIR buys back own ordinary shares for over EUR160,000	Apr. 08	AN
CIR goes ahead with buybacks of its own ordinary shares	Apr. 03	AN
CIR goes ahead with buybacks of its own ordinary shares	Mar. 29	AN
CIR has purchased treasury shares for more than EUR610,000	Mar. 25	AN
BlackRock and Capital Fund exceed 0.5 percent on TIM	Mar. 21	AN
CIR purchases 1.9 million of its own ordinary shares	Mar. 18	AN
CIR goes ahead with buybacks as part of its buyback plan	Mar. 11	AN
CIR returns to profit and improves indicators in 2023	Mar. 11	AN
CIR goes ahead with buybacks with substantial share buyback	Mar. 04	AN
CIR has purchased more than one million of its own shares	Feb. 26	AN
Sogefi soars after accounts and Filtration deal	Feb. 26	AN
Marshall Wace cuts short on Saipem	Feb. 23	AN
CIR has purchased more than 820,000 of its own ordinary shares	Feb. 20	AN
Futures on "sell" side; UK inflation stable	Feb. 14	AN
Mib bearish in 31,100 area; Saipem stays afloat	Feb. 13	AN
CIR has purchased nearly 600,000 of its own ordinary shares	Feb. 12	AN
CIR goes ahead with its share buyback program	Feb. 05	AN
CIR ahead with buybacks, bought back own shares for over EUR100,000	Jan. 30	AN
CIR has purchased more than 521,000 of its own ordinary shares	Jan. 22	AN
CIR goes ahead with its share buyback program	Jan. 15	AN
CIR continues with buybacks of its own ordinary shares	Jan. 09	AN
CIR goes ahead with its share buyback program	Jan. 04	AN
CIR continues purchases as part of buyback program	Dec. 27	AN

Chart Compagnie Industriali Riunite S.p.A.

Duration

Period

Chart Compagnie Industriali Riunite S.p.A.

More charts

Company Profile

CIR SpA Compagnie Industriali Riunite is an Italy-based company. The Company structures its business into five sectors: Energy, Media, Automotive Components, Healthcare and Non-core Investments. In the Energy sector, the Company is active in the generation of electrical power and distribution of natural gas. The Media sector is focused on publishing, radio, television and Internet portals operation. The Automotive Components sector is primarily engaged in the production of engine systems and suspension components. In the Healthcare sector, the Company is active in the operation of nursing homes and rehabilitation centers, as well as in the provision of hi-tech medical services, such as diagnostic imagining, nuclear medicine and radio therapy. In the Non-core Investments sector, the Company is involved in venture capital funds, private equity funds and other investments.

Sector

More about the company