Intracom Holdings announced the sale of a 27.614% stake held directly in Kloukinas-Lappas for the amount of €11,106 million

The sale takes place after it was announced that new investors have entered Kloukinas-Lappas and will also participate in Intracom's share capital through an IPO, according to the announcement.

It is noted that Intracom Properties, a subsidiary of Intracom Holdings, remains the main shareholder with a 60.115% stake in Klοukinas-Lappas.

In detail the announcement of the listed company:

Intracom Holdings announces the sale of the stake (27.614%) held (directly) in the company "I. KLOUKINAS-II. LAPPAS TECHNIKI AND TRADE COMPANY (K.L.M S.A), i.e., 11.106.255 ordinary voting shares of K.L.M. S.A., for a total price of €11.106.255.

The said sale was made in the context of the company's announcement of May 29, 2024, for the entry of new investors in K.L.M. S.A., who will additionally participate in the share capital of Intracom Properties through their participation in the decided increase of the company's share capital in the amount of €25 million, of which €11 million will be paid by the parent company Intracom Holdings.

After the above sale, Intracom Properties, a subsidiary of Intracom Holdings, remains the main shareholder of Kloukinas Lappas, with a 60.115% stake.