High Quality Food acquires minority shares of subsidiary Gourmade

(Alliance News) - High Quality Food Spa announced on Monday that it has purchased the minority shares of its subsidiary Gourmade Srl from shareholders Massimiliano Del Brusco and Riccardo Pacifici, who held 30 percent and 15 percent, respectively, increasing its stake in the subsidiary from 55 percent to 100 percent, for a total consideration of EUR4,500.

The purchase price of EUR4,500 for the stake was paid at the same time as the purchase agreement was signed.

High Quality Food's stock on Monday closed 2.4 percent in the red at EUR0.82 per share.

By Chiara Bruschi, Alliance News reporter

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