Orient-Express refuses purchasing offer of 1.2 billion euros

September 1, 2013 Redazione

The Orient Express board refused the public purchasing offer of the Charme Investments fund of Montezemolo and the group falling under The Indian Hotels. This one holds a 6.9% share of the tourist-hotel society of Cipriani In Venice, Villa San Michele in Florence, Splendido of Portofino and Caruso of Ravello. The amount of 1.2 billion euros was considered insufficient and the news caused a 10% decrease in the Orient Express stock at the Nyse.


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