Lamda Development is controlled by 100% of its subsidiary, Lamda Malls, which owns all the shares of LAMDA DOMI and PYLAIA, owners of the Golden Hall and Mediterranean Cosmos Malls respectively.
The company acquired the 31.7% minority stake held by Wert Blue SarL until May 20, for a price of 109 million euros.
In detail, according to the relevant announcement:
LAMDA DEVELOPMENT SA (“Company”), in accordance with Regulation 596/2014 / EU and the Athens Stock Exchange Regulation, each in force, informs the investing public that on 20.05.2022 it signed an agreement for the acquisition of the minority interest (31 , 7%) in the subsidiary of LAMDA MALLS SA, which is owned by Wert Blue SarL, a 100% subsidiary of Värde Partners, for a price of € 109m in cash.The transaction is expected to be completed within the third quarter of 2022, with the completion of the contractual conditions that mainly concern the approvals of the banking institutions.With the completion of the transaction the Company acquires the absolute control of the subsidiary LAMDA MALLS SA, which holds all the shares of the companies LAMDA DOMI S.M.SA and PYLAIA SMSA, owners of Golden Hall and Mediterranean Cosmos Shopping Centers, respectively. shopping centers “.
Source: Capital
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