By Giorgos Lampiris
The green light for the consolidation of G.E. Dimitriou, which paves the way for the acquisition of the company by the Quest group, was given by the competent court, while at the same time, in a letter, the Quest group states that it will seek to delist the company from the Stock Exchange.
In particular, Quest stated in a statement that was read shortly before from the floor of the general meeting of Dimitrios, that in three months from the ratification of the agreement, the general meeting will decide on a capital increase of 5 million euros for the issue of 25 million shares with a value of 0.04 each.
Then, based on the consolidation agreement, the company undertakes to cover all of AMK.
Exit from the Athens Stock Exchange
According to the same announcement, Quest also decided to make an announcement to the shareholders of G.E. Dimitriou for its intention as a future shareholder from 95.03 to 99.21% based on the current conditions and data of G.E. Dimitriou, for the upcoming decision of the General Assembly. of G.E. Dimitriou in accordance with the provisions of the law for deletion from the Athens Stock Exchange and submission of a relevant request to the Capital Market Commission.
As Mr. Dimitriou mentioned, Quest made it clear that the company will not remain on the Stock Exchange, which is made clear through their letter, which is also confirmed through the relevant letter. The delisting will take place after the increase of the share capital and after a relevant valuation, an offer will be made for the acquisition of the remaining shares.
In essence, Quest sees through this move the opening of another activity in addition to the already existing ones, that of air conditioning, where, due to the conditions brought about by climate change, the demand for products in this category has increased significantly in recent years years.
It is also anticipated that Quest will subsequently pay an amount of €25 million for working capital under the agreement.
Official announcements on this matter are expected within the next few hours.
Source: Capital
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