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Joseph Portelli to exit CF Estates in €6.65m deal
Joseph Portelli to exit CF Estates in €6.65m deal

Joseph Portelli to exit CF Estates in €6.65m deal

Construction entrepreneur Joseph Portelli is set to exit CF Estates Ltd after reaching an agreement with the company and its remaining shareholders for the cancellation of his 30% stake. In a company announcement, CF Estates said an agreement signed today between the guarantor company and its five shareholders outlines the terms of Portelli's departure

Joseph Portelli to quit CF Estates in €6.65 million deal

Joseph Portelli to quit CF Estates in €6.65 million deal

Joseph Portelli is leaving his role as shareholder with real estate company CF Estates Ltd after he secured a €6.65 million deal with the company. The company released a statement on Tuesday announcing that its board of directors and shareholders have mutually agreed to cancel Portelli’s 1,892,460 Ordinary A shares of a nominal value of €1.00. This