The Greek Deal.com
ELLAKTOR
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.
Acquired 237,936 shares of Reds through the Stock Exchange
Ellaktor is buying Reds shares through the stock exchange, following its agreement to acquire 38.79% of the company for €60.1 million
Proposal to acquire 38.79% of Reds for €60.1 million
Ellaktor submitted a proposal to acquire 38,79% of Reds for €60,1 million
€116 million net profit - Profitability at a ten-year high
Ellaktor's net profit of €116 million in 2023 is compared to a loss of €2.6 million in the previous year.
Towards return of capital instead of dividend to shareholders
Ellaktor decides to return capital to shareholders at the end of May.