Business Update Announcement
Business Update Announcement
ELLAKTOR S.A. (hereinafter the “Company”), informs the investment community that its fully owned subsidiary AKTOR CONCESSIONS S.A., has exercised its preemptive rights, pro-rata to the existing percentage of its participation, to acquire on the 17% stake formerly held by Hochtief in the concession company (OLYMPIA ODOS S.A.) and the operation company (OLYMPIA ODOS OPERATION S.A.) of the Athens-Pyrgos Highway.
AKTOR CONCESSIONS is entitled to acquire 3.48% of the total paid-up share capital of the concessionaire and operator. Following this transaction, AKTOR CONCESSIONS S.A.'s stake in OLYMPIA ODOS S.A. and OLYMPIA ODOS OPERATION S.A. is now 20.48% (formerly 17%).
The total consideration for AKTOR CONCESSIONS S.A. for the acquisition of the above stake amounted to €20.6m.
More information is available in the Press Release of Olympia Odos (https://www.olympiaodos.gr/en/Grafeio-Tupou/Nea/.)
The above information is provided in accordance with Regulations of the European Parliament (EU) 596/2014), the European Council, and the Athens Stock Exchange.
Kifissia, December 5th, 2024