Brief: Sarantis Sells Its 49% Stake In Joint Venture With Estee Lauder For EUR 55.2 Million

GR. SARANTIS

16/06/2022 08:10

June 16 (Reuters) - Gr Sarantis SA  SRSr.AT :
    * ANNOUNCES THE SALE OF ITS 49% STAKE IN THE JOINT VENTURE
WITH
THE ESTEE LAUDER COMPANIES FOR THE PRICE OF EUR 55.2 MILLION
    * THE ESTEE LAUDER COMPANIES HAS DECIDED THAT AS OF JUNE 15
2022,
IT WILL RUN ITS OPERATIONS IN THE GREEK AND BALKANS MARKETS
DIRECTLY
    * THIS TRANSACTION DOES NOT AFFECT THE EXISTING EMPLOYMENT
RELATIONSHIPS OF THE JOINT VENTURE EMPLOYEES

Source text: https://bit.ly/3b4z7t3
Further company coverage:  SRSr.AT 

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