Reggeborgh's share of voting rights in Ellaktor will increase to 51.142% following the exercise of the call option. 

Reggeborgh sent Motor Oil a notice of exercise of the call option for 10,400,000 shares at the pre-agreed price of €1.25 per share on December 31. The completion of the transaction will take place between 13 and 31 January 2025.

"At this point in time, Reggeborgh holds 167,672,350 shares/voting rights" in Ellaktor (48.155% of the total) and "has an option for 15,600,000 shares/voting rights (4.4802% of the total) exercisable between 06/05/2022 and 06/05/2025," the company said in a statement.

"Upon completion of the above transaction, Reggeborgh will hold 178,072,350 shares/voting rights" in Ellaktor (51.142%) and "an option for 5,200,000 shares/voting rights (1.493% of the total)," it explained.