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IDEAL HOLDINGS
The AGM approved capital increase of €81.6 million
Today's Extraordinary General Meeting of Ideal Holdings decided to increase the company's share capital by capitalizing the amount of €81.6 million.
Half-year revenue and profit jump with organic growth and acquisitions
Ideal Holdings announced an increase in sales and profitability for the first half of the year, and the board chairman, Mr. Lambros Papaconstantinou, expressed a desire to further expand operations.
Why we acquired a major stake at BlueStream
Ideal Holdings Group (IDH) acquired 75% of BlueStream for €12.2 million, aiming to create a strong IT group with high turnover.
Acquired 75% of BlueStream for €12.2 million
Ideal Holdings has announced that it has strengthened its position in the IT industry by paying €12.2 million to acquire the majority of Blue Stream's IT business.
Ready for new deals
After selling Astir Vitogiannis, Ideal Holdings is getting ready to make new investments.
Significant increase in financial results through organic growth and acquisitions
For the first quarter of 2024, IDEAL Holdings reported a 150% increase in revenues to €109.5 million, fueled by the acquisition of Attica Department Stores and rising IT revenues.
Between €110 and 115 million selling Astir Vitogiannis
According to an announcement by Ideal Holdings, Italian Guala Closures paid between €110 million and €115 million for the acquisition of Astir Vitogiannis.
Agrees to transfer Astir Vitogiannis to Guala Closures
IDEAL Holdings signed an agreement to sell 100% of Astir Vitogiannis (“Astir”) to Guala Closures
Denies rumors of a deal with Motodynamics
Denies the press articles and declares that has never entered into any discussions with the specific company
How will the raised bonds be allocated
The offering price of the Bonds is at par, namely at €1,000 per Bond. The final yield of the Bonds was set at 5.50% and the Bonds’ interest rate at 5.50% per annum.
The bond was oversubscribed, raising €100 million - The yield was set at the lower limit of 5.5%
The final yield of the bonds was set at 5.50%, with an annual interest rate of 5.50%. It is worth noting that the company had initially indicated a yield range between 5.5% and 5.9%