Proton sold stakes in Agusta for 1 Euro

• sbst275

  28 Dec 05, 22:42

  From what I read in the evening papers
• sbst275

  29 Dec 05, 09:28

  They sold their 57.8% stake in Agusta for 1 Euro which they had brought for 70 million Euro
• dragg

  29 Dec 05, 17:10

  i am confused.
  
  1 euro per share or just 1 euro for the whole transaction?
  
  
• sbst275

  29 Dec 05, 20:57

  Originally posted by dragg:

  i am confused.
  
  1 euro per share or just 1 euro for the whole transaction?
  
  

  The latter
• shade343

  29 Dec 05, 21:02

  proton=Santa Claus
  
  
• dragg

  30 Dec 05, 09:37

  Originally posted by sbst275:

  The latter

  for just one euro?
  
  embarassing for proton isn it?
  
• sbst275

  30 Dec 05, 09:37

  Originally posted by dragg:

  for just one euro?
  
  embarassing for proton isn it?
  

  But this Agusta is in finanical trouble
• dragg

  30 Dec 05, 15:38

  but this is unprecedented.
  
  the could at least sell it at a loss, not 1 euro.
  
  
• charlize

  30 Dec 05, 15:39

  Should have sold it for at least 10 euros.
  
  At least they could have gotten a Happy meal or two from it.