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Ridgecrest ends talks on proposed reverse takeover of Romania s Blue Air
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IN BRIEF: Ridgecrest sets sights on Romanian airline for takeover deal
Tue, 6th Jul 2021 22:05
Ridgecrest PLC - cash shell - Enters into non-binding heads of agreement with Cristian Rada to buy Airline Invest SA and its wholly owned subsidiaries, Blue Air Aviation SA and Blue Air Technic SRL.
Cristian Rada and his brother are the sole shareholders of Airline Invest, company notes.
Blue Air is a Romanian low-cost airline headquartered in Bucharest, with its base at Henri Coanda International Airport, and with operations at Turin airport, Italy.
Notes shares suspended as deal is reverse takeover. Plans placing to complete the deal.
Cash shell firm plans reverse takeover of Romania s Blue Air | News
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