Kaleon buys 80% stake in Lake Maggiore water taxi operator Navigazione Isole Borromee
Kaleon acquired an 80% stake in Navigazione Isole Borromee Lago Maggiore, a passenger boat transport operator on Lake Maggiore. The deal values the business at an enterprise value of EUR 2 million. The operator runs five boats backed by five water taxi licenses; the existing management retained 20% with a conditional e