Brief: Motor Oil Acquires 29.87% Stake Of Ellaktor For EUR 182.0 Million

ELLAKTOR

06/05/2022 16:09

May 6 (Reuters) - Ellaktor SA  HELr.AT :
    * IT HAS ACQUIRED 104,000,000 SHARES OF ELLAKTOR FROM
KILOMAN
HOLDINGS LTD AND GREENHILL INVESTMENTS LTD
    * ACQUIRED SHARES REPRESENT 29.87% OF THE OUTSTANDING SHARES
OF
ELLAKTOR FOR EURO 1.75 PER SHARE
    * ACQUISITION AMOUNTS TO EUR 182.0 MILLION
    * REACHED AN IN-PRINCIPLE FRAMEWORK AGREEMENT WITH
REGGEBORGH TO
ACQUIRE 75% STAKE OF THE SHARES OF A COMPANY TO BE ESTABLISHED,
WHICH WILL OWN ELLAKTOR'S RES
    * THE ENTERPRISE VALUE FOR THE RENEWABLE ENERGY SEGMENT HAS
BEEN
AGREED AT EURO 1.0 BILLION

Source text: https://bit.ly/3w80v00
Further company coverage:  HELr.AT 

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