RE: Euro 58 Million Available9 Jun 2018 11:30
From RNS .30.07.2013
Clear Leisure Plc
("Clear Leisure" or "the Company")
ORH SpA, EXCLUSIVE AGREEMENT WITH ALPITOUR SpA
Alpitour S.p.A. ("Alpitour"), one of Italy's largest travel operators, has agreed an exclusive contract with the Company's 73.43% owned Italian hotel management company, ORH S.p.A. ("ORH" or "Ora Hotels").
The contract provides Alpitour with exclusive booking rights in Italy and Italian speaking Switzerland for a period of three years on the Amarina Resort Hotel in Madagascar. Alpitour will pay a minimum guaranteed value of EUR 4.5 million to ORH during the period under contract.
I wonder how much of the EUR 4.5m was paid upfront if it was "Guaranteed" ??