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As part of the acquisition of 6.5% shares of ATTIKI ODOS SA and a corresponding percentage of ATTIKA DIODIA SA, AKTOR CONCESSIONS, a wholly-owned subsidiary of ELLAKTOR, proceeded today to a total amount of 37.5 million euros.
As a result of the aforementioned transactions, AKTOR CONCESSIONS now controls 65,749% of the shares of ATTIKI ODOS SA. and ATTIKA DIODIA SA, out of 59,249% which was its stake in both companies previously, as stated in the corresponding announcement.
It is recalled that ATTIKI ODOS SA is the company which undertook, through the concession contract concluded with the Greek State, the study, construction, financing, operation and maintenance of the motorway, while ATTIKA DIODIA SA controls 80% of ATTIKES DIADROMES SA, which is responsible for the operation and maintenance of the motorway.
6.5% of the share capital of ATTIKI ODOS SA and ATTIKA DIODIA SA is the percentage attributable to AKTOR CONCESSIONS of the total percentage of 9.88% held by the two companies Bank of Piraeus, for which he had organized an international competition. As a result of a binding financial offer received by Piraeus Bank after the closing of the offer, it was addressed – as stipulated in the shareholders' agreement of the two companies – to the existing shareholders of ATTIKI ODOS SA and ATTIKA DIODIA SA, which have an option right, a right created by AKTOR CONCESSIONS.
Commenting on the ongoing acquisition, President and CEO of ELLAKTOR, Mr. Anastasios Kallitsantsis, said: "The strengthening of our stake in ATTIKI ODOS SA and ATTIKA DIODIA SA fits perfectly into the new strategy of ELLAKTOR which aims to maintain our leading position in the field of concessions and creation through it Long-term added value for our shareholders This is an investment with significant commercial, strategic and financial advantages for ELLAKTOR in the short and medium term Attica Odos is the Group's most representative footprint. company is one of the founders of our subsidiary AKTOR construction and, secondly, a concession project characteristic of our subsidiary AKTOR CONCESSIONS 17 years after the first tranche of its operations, Attiki Odos maintains its construction without modification superiority and indisputable level of service, making it one of the best infrastructure projects in Greece, the most important road to Athens and a constant choice for everyday trips While hundreds of thousands of drivers. "
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