Trastor: Signing of a preliminary agreement for the acquisition of 100% of the shares of Pelea Real Estate

Trastor announced that on 12.11.2021, it proceeded to the signing of a binding preliminary agreement for the acquisition of 100% of the shares of Pelea Ktimatiki, owner of a plot of land with a total area of ​​39.9 thousand sq.m. in Aspropyrgos, Attica, where a modern cooling, storage and distribution center will be built with an estimated total area of ​​22 thousand sq.m. environmentally certified according to international standards.

According to the relevant announcement, this investment will be completed with the signing of the final agreement for the transfer of the shares of Pelea Ktimatiki after the fulfillment of specific conditions provided in the preliminary agreement.

The total price for the purchase of the shares of Pelea Ktimatiki will be equal to the value of the net worth (NAV) of the company to be acquired, as it will be determined at the completion of the transaction according to the specific terms of the pre-agreement.

Mr. Tassos Kazinos, CEO of the Company, on the occasion of the implementation of the above agreement, made the following statement:

“As businesses increasingly align with the principles of sustainable development, Trastor is increasingly integrating environmental, social and corporate governance criteria into its investment decisions. In this context, the Company is leading the adoption of green investment practices in the Logistics industry. , maintaining its commitment to the formation of the most modern portfolio of storage facilities in Attica “.

The company will again inform the investing public about the signing of the final acquisition contract, the announcement concludes.