AS PRO KAPITAL

ANNOUNCEMENT

 

MERGER PROPOSAL

 

On 21.02.2000 Domina Hotel e Comproprieta Alberghiere S.p.A. 

company made a proposal to AS Pro Kapital to start negotiations for 

merger of the two companies through exchange of shares.

 

The proposal was signed by dr. Rolando Moschioni, president of a 

syndicate controlling majority shareholding in Domina Hotel e 

Comproprieta Alberghiere S.p.A. Dr. Moschioni announced in the 

proposal that the shareholders of Domina Hotel e Comproprieta 

Alberghiere S.p.A. have decided to find a co-operation partner, 

with an aim to merge the companies to become one of the leading 

tourism real estate developers in Europe.

 

Syndicate's president dr. Moschioni made a proposal to begin 

negotiations to determine the exchange rate of shares.

 

The Management Board of AS Pro Kapital decided to launch 

negotiations with the majority owners of Domina Hotel e 

Comproprieta Alberghiere S.p.A. about the terms and conditions of 

possible merger of the two companies.

 

 

Ilona Saari

CFO, Pro Kapital 

Tel. +372 614 4920