Kloukinas-Lappas announced the acquisition of Εurope Asfalistiki for €46.55 million. According to estimates, the transfer of Europe Asfalistiki shares to the company will be complete for 65% of them by December 31, 2024, and for the remaining 35% by March 31, 2025.

In detail, the announcement of the listed company:

"Ι. "KNL Investment Holdings"), sole shareholder of the insurance company "Europe Monopersonal General Insurance Company" (d.d. "Europe Asfalistiki"), and Mr. Nikolaos Makropoulos, sole shareholder of the aforementioned seller, as guarantor, for the acquisition by the company of 100% of the shares of "Europe Insurance.".

In particular, the transfer of the shares of "Europe Asfalistiki" to the Company, under the terms of the above Agreement, will take place in instalments (initially 65% and subsequently the remaining 35%), for a total price of € 46.550.000 (of which € 30.000.000 will be paid upon the transfer of 65% and € 16.550.000 upon the transfer of the remaining 35%).

Completion of the above transfers is subject to the fulfilment of conditions and covenants set out in the Agreement for each of these transfers, including, inter alia, the relevant approval of the Bank of Greece

The completion of the transfer of the shares of "Europe Asfalistiki" to the company is estimated to take place by 31.12.2024 for 65% of the shares and by 31.03.2025 for the remaining 35%.

The Company will inform the investing public of any developments in subsequent announcements.