Premia acquired the company SEMELI, with the total price of the transaction (including part of the assumed liabilities) amounting to €10.6 million.

Under the agreement, which was signed with LYKTOS Holding SA on 17/1/2025, PREMIA will acquire buildings with a total surface area of 6,850 square meters (including a winery in Nemea, Corinthia of 5,512 square meters including storage space, and 10 suites with a 1,338 square meter multi-event space) as well as 278 acres of land (including 232 acres of vineyards in Nemea and Arcadia). The Nemea winery has a high-quality architectural design and construction with excellent potential for tourism development in the wine tourism sector.

The structure of the transaction includes the separation of the real estate from the winemaking/commercial activity. The properties (winery, suites and vineyards) will be transferred to Premia and leased through a long-term lease to the existing company Semel SA. The shares of Semeli will be transferred to the holding company HELLENIC WINE-GROWING COMPANY SA (parent company of the companies BOUTARI Wineries, IOLI PGI) together with the winemaking and commercial activity, including brands, production machinery, stocks and receivables and payables.

STATEMENTS

Elias Georgiadis, Chairman of PREMIA PROPERTIES & CEO of STERNER STENHUS Holding, said: "The acquisition of SEMELI strengthens HELLENIC WINE COMPANIES and marks another step towards achieving our strategic goals. I personally extend my gratitude to Mr. Sallas for entrusting us with the responsibility of upholding the vision of the Semeli estate, a significant asset in the realm of Greek winemaking and wine tourism. 

Michalis Sallas, CEO of LYKTOS Holding SA, said: "Semeli has completed its cycle as a family business. We are handing over to Elias Georgiadis the keys of a company that has recorded a historical course and has a strong footprint in the industry. I am confident that the new shareholders, with passion and dynamism, will exploit all the available synergies of their group and will succeed in creating conditions for dynamic growth for Semeli. I wish them every success."

Costas Markazos, CEO of Premia, said, "We are particularly pleased as our company completes another ground-breaking transaction in one of its key areas of interest. This investment expands Premia S.A.E.E.A.P. 59 Vas. Sofias, P.C. 115 21 Athens No. License No. 4/949/5.4.2022, No. G.E.M.: 861301000, www.premia.gr, the company's portfolio of sustainable development properties, such as the model winery SEMELI and the vineyards in Nemea".