• The company reported that the total purchase consideration is worth €1.5 million, which is the value of the assets being purchased and this consideration will be paid out from the company’s cash balance.
  • For the year ended December 2018, AthenStyle’s reported a total sale of €0.7 million as well as Earnings Before Interests Taxes Depreciation and Amortization of €0.2 million. The property has been purchased on an 18-year lease.
  • Post the purchase, Safestay’s portfolio will include 5 sites in the United Kingdom, 12 sites across the European Union and a total of 4,200 beds across all of its 17 hostels.
  • On 28th October 2019, at the time of writing, GMT 10:32 AM, SSTY shares were trading at GBX 29.72, down by 6.54 per cent or GBX 2.08 as against the previous day’s closing price.

 

   
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