The Greek Deal.com
ELLAKTOR
Voting rights in Ellaktor will reach 51.142%
Reggeborgh's share of voting rights in Hellaktor will reach 51.142% following the exercise of the existing call option, the company informed.
The €300 million capital return and Reggeborgh's ardent goal
The management of Ellaktor Group is launching a capital return of almost €300 million, a prospect that, according to market participants, will trigger developments in three main sectors of the domestic business/economy.
51.14% stake in Reggeborgh after the call option
Reggeborgh's share of voting rights in Ellaktor will increase to 51.142% following the exercise of the call option.
Net profit of €64.1 million in nine months
Ellaktor Group recorded a net profit of €64.1 million with an increase of 35% year-on-year from continuing operations for the nine months of 2024, compared to EUR 47.6 million in the corresponding period of 2023.
The General Meeting approved the acquisition of Helector
Today at Motor Oil's Extraordinary General Meeting, the acquisition of Helector was approved through its subsidiary Manetial Limited.
Completed the purchase of Helector from Ellaktor
The acquisition of 94.44% of Ηelector by Motor Oil for €114,731 million was completed.
Call option for 10,4 million shares from Reggeborgh
The Dutch fund Reggeborgh, which now controls more than 45% of the Ellaktor sent a notice for the partial exercise of the call option, which corresponds to 2.987% of group.
Proceeds with the acquisition of Helector from Ellaktor
The Motor Oil Hellas group is proceeding with the completion of the acquisition of Helector from Εllaktor.
82% jump in first quarter net profit
Ellaktor Group's net profit for the first quarter amounted to EUR 24 million, a jump of 82% compared to the same period last year.
Bid of €114,7 million for Ηelector
In an announcement, Motor Oil stated that it is in talks with Ellaktor to purchase all of Helector's shares, which equates to 94.44% of the business's share capital and voting rights.
Dividend after 13 years
At Ellaktor's upcoming annual general meeting on May 31, the Board of Directors has resolved to propose the company's first distribution to shareholders in 13 years.