FOURLIS S.A.
Sale of DSGI SOUTH-EAST EUROPE A.E.Β.Ε. (P. KOTSOVOLOS A.E.Β.E.)
Fourlis Holdings SA announces, that it has agreed to sell its remaining stake in DSGI SOUTH-EAST EUROPE A.E.Β.Ε. (P. KOTSOVOLOS A.E.Β.E.) or 10% of the share capital of the company, for a cash consideration of euro 28,08 million.
The capital gain from the sale amounts to euro 23,39 million. Based on the minimum guaranteed exercise price of the put option, euro 12,20 million will be recorded as provision in Q3 2008 financial statements of the Group, while the remaining capital gain will be recorded in the full year 2008 financial statements.
The capital gain from the sale amounts to euro 23,39 million. Based on the minimum guaranteed exercise price of the put option, euro 12,20 million will be recorded as provision in Q3 2008 financial statements of the Group, while the remaining capital gain will be recorded in the full year 2008 financial statements.