OPAP reaches 67.72% participation at NEUROSOFT S.A.
Announcement of Regulated Information of L. 3556/2007:
OPAP reaches 67.72% participation at NEUROSOFT S.A.
OPAP S.A. announces that its 100% subsidiary OPAP Investment Ltd signed on 07 June 2017, an SPA for the acquisition of a 38.19% stake in Neurosoft S.A. for a total consideration of euro 34.2mil.
Upon transaction conclusion, OPAP's total participation at Neurosoft will reach 67.72%, taking into consideration its current stake of 29.53%, holding it through its subsidiaries.
Neurosoft is already providing OPAP with a number of services that are directly supporting the delivery of OPAP's key technology transformation initiatives. This investment by OPAP in Neurosoft will therefore further strengthen the relationship between the two companies and will consequently provide additional benefits and efficiencies, together with a closer collaboration with Neurosoft's experienced software development team.
Neurosoft's shares are listed on the AIM Italian/Mercato Alternativo del Capitale.
The closing of the transaction is pending clearance by the competent competition authorities.
Athens, 09.06.2017
OPAP S.A.