Announcement in Relation to Business Development

LAMDA DEVELOPMENT S.A. announces that on 23.01.2020 agreed to acquire from the company under the name “D- Marinas B.V.” of DOGUS Group, the remaining 50% of the shares issued by LAMDA DOGUS INVESTMENTS S.A., which currently holds 83,39% of the shares issued by LAMDA Flisvos Holding S.A., a shareholder of the 77,23% of LAMDA Flisvos Marina S.A. and manager of the Flisvos Marina. The purchase price of the aforementioned shares amounts to 12,393,000€ and the transfer of the shares is expected to be completed within the first quarter of 2020, given that there are no pending regulatory or administrative approvals.

On completion of the transfer, LAMDA DEVELOPMENT S.A. will become the sole shareholder of LAMDA DOGUS INVESTMENTS S.A., wholly controlling LAMDA Flisvos Marina S.A..


Search
Toolbox
Market

Composite index

Calendar

FinancialCalendarPortlet

Asset Publisher