The Greek Deal.com
EPSILON NET
Ginger Digital exercised its acquisition right
Ginger Digital Bidco submitted an application to the Hellenic Capital Market Commission for the exercise of the right to acquire the common, registered, voting shares of Epsilon Net on August 20.
Above range takeover price according to the board of directors
The Board of Directors of Epsilon Net states that the price offered in the public offer for the company, at €12, is fair and reasonable because it exceeds the financial advisor's recommended price range of €9.77–€10.75 per share.
Ginger offers €12 per share - Mandatory public offer begins
The information sheet for Epsilon Net's mandatory public offering of all of its shares at a price of €12 per share was approved by the Hellenic Capital Market Commission on Friday.
Ginger Digital BidCo acquires 76.13%
Ginger Digital BidCo has acquired 76.13% of Epsilon Net, according to a recent announcement.
TeamSystem acquired 0,57%- Will sell shares to Ginger Digital BidCo
In a later announcement today, TeamSystem revealed that it will allocate the 0.57% of Epsilon Net's share capital that it recently acquired to Ginger Digital BidCo Unipersonal, the vehicle that has submitted the mandatory public offer.
Ginger Digital BidCo's stake increased to 72.31%
In Epsilon Net, Ginger Digital BidCo now owns a 72.31% stake.
Stake of Ginger Digital BidCo at 70.07%
Over 70% stake in Ginger Digital BidCo, according to an announcement by Epsilon Net.
66.91% stake held by BidCo
BidCo's stake in Epsilon Net now stands at 66.91%, according to an announcement by the latter company.
Public Offer by General Atlantic, National Bank of Greece and founder
The main shareholder of Epsilon Net, Ioannis Michos, the National Bank of Greece, and the General Atlantic Group are joining forces in to acquire the minority shares of the Espilon Net.
Negotiations for strategic cooperation with a foreign investor
Negotiations with a foreign investor in the final stage, Epsilon Net stresses.
Acquisition of software applications from Lavisoft for €1.2 billion
Epsilon Net Group have completed the acquisition of the ERP applications ERMIS and HR MaSter from Lavisoft.