NEOCHIMIKI Group of Companies announces the successful completion of the sale, through private placement, of 6.300.000 shares of the subsidiary company LAMDA DETERGENT owned by NEOCHIMIKI L.V. LAVRENTIADIS and issued by LAMDA DETERGENT (which represent 16,12% of the share capital of LAMDA DETERGENT) to foreign institutional investors. After the sale transaction, through private placement, NEOCHIMIKI L.V. LAVRENTIADIS holds 34.03% from 50.15% of the share capital and respectful voting rights of LAMDA DETERGENT.
More specifically, 6.300.000 shares of LAMDA DETERGENT were sold through private placement runned by Sal Oppenheim jr&Cie, PIRAEUS SECURITIES S.A and PROTON BANK S.A., through the procedure of book building, at a total amount of euro 35.280.000. It is mentioned that the demand of the investment public covered four times the offered quantity of shares.
The sale of the shares, took place after the demand expressed by the bank Sal Oppenheim jr&Cie and on behalf of her clients (foreign investing portfolios) and it contributes to the increase of the company''s liquidity and equity.
The proceeds from the private placement will be used for the materialization of NEOCHIMIKI Group of Companies strategic goals both in domestic Greek market as well as in the markets of South-eastern Europe.