ELLAKTOR S.A., a Société Anonyme operating under the name "ELLAKTOR ANONYMI ETAIREIA" and the distinctive title "ELLAKTOR S.A." (hereinafter the "Company"), is pleased to inform the investment community about the successful completion of the sale of all the issued shares of AKTOR S.A., a subsidiary of the Company and its 100% subsidiary AKTOR CONCESSIONS S.A., to INTRAKAT ANONYMI ETAIREIA TECHNIKON KAI ENERGEIAKON ERGON (hereinafter the "Transaction"). This announcement is in accordance with the Regulations of the European Parliament & Council (EU 596/2014) and the Athens Stock Exchange.
The Competition Commission, in a Plenary Session, has unanimously approved the Transaction with its decision no. 830/07.11.2023, following the agreement on March 30, 2023, for the sale of the shares and the relevant approval of the Extraordinary General Meeting of the shareholders of ELLAKTOR S.A. on April 24, 2023.
The Transaction was completed today (financial closing), with the payment of the agreed equity value of €110.8 million. Additionally, an amount of €114 million will be gradually paid within 19 months from the completion of the transaction as repayment of intra-group lending.
With the completion of this Transaction, ELLAKTOR:
Strengthens its financial position by enhancing its operating and net profitability, as well as its corresponding profit margins.
Significantly improves its liquidity, enabling the Group to finance its investment plan and return capital to its shareholders.