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General

Tiscali announces EUR 13 mln capital hike

Wednesday 28 June 2017 | 13:56 CET | News
Italian operator Tiscali has announced that its board of directors approved a EUR 13 million capital increase with a view to further strengthening the group's structure and supporting its business plan. The capital hike is reserved for institutional investors, Otkritie Capital International Limited and Powerboom Investment Limited and involves the issue of a maximum of 314,000,000 ordinary shares. In its statement the company added that it was aiming for a positive net profit in 2017, with organic net revenues up 5 to 8 percent compared to 2016 and organic EBITDA up 8 to 12 percent year on

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Categories: General
Companies: Tiscali
Countries: Italy
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