Following our 8th February 2008 announcement, ELLAKTOR SA notifies that on 24.7.2008 subsidiary AKTOR SA signed with GIPEDO ELEONA SA and PANATHINAIKOS FC, the contractual agreement for the study and construction of the new football stadium for PANATHINAIKOS FC. in Votanikos area, with 40.000 seats capacity, which will include main and auxiliary space as well as an underground automobile parking lot and will be constructed under the international standards set by FIFA and UEFA for 4 start stadiums.
The contract's value is determined at the total amount of euro 96 million (plus VAT) and the construction project's term is estimated at 19 months from the Issue of the Construction License for Raising the New Stadium.