The companies Greenhill Investments Limited and Kiloman Holdings Limited interests of businessmen Dimitris Bakou and Ioannis Kaimenaki, announced the sale of all the shares of Ellactor they owned, to Motor Oil.
According to the announcement, “this decision was the culmination of a long period of controversy between shareholders and the subsequent submission of a formal offer for the acquisition of Ellaktor shares owned by Reggeborgh, which did not receive a positive response. The acceptance of the attractive proposal we accepted from Motor Oil closes the cycle of investment that had started with different perspectives, strategy and vision, but at the same time we hope that it will end the intra-share disputes that have been taking place in the company for a long time “.
Entrepreneurs Dimitris Bakos, Ioannis Kaimenakis and Alexandros Exarchou state that “they will strengthen their domestic investment activity, believing in the prospects of the Greek economy. In the near future, new investment plans will be finalized in selected sectors. We also wish Greece shareholders and employees the company to acquire the position it deserves on the business map “.
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