According to information, the price is 200 million euros.
“Locks” Intrakat’s deal with Ellactor for the acquisition of the latter’s subsidiary, Aktor.
According to reports, the two companies are very close to an agreement with a price tag of €200 million for the deal that will change the map in the construction space, bringing Intrakat very high among domestic construction companies with a backlog of close to 4 billion euros.
It is recalled that Intrakat and its parent Ellactor confirmed their interest in the acquisition of AKTOR with their announcement yesterday Friday.
In its announcement, Intrakat pointed out that the company’s Board of Directors has given its approval for the acquisition of AKTOR. However, as of yesterday, according to the statement, there had been no progress on the potential deal.
For its part, Ellactor confirmed that on Thursday it had received a non-binding Letter of Intent for the acquisition of its subsidiary AKTOR ATE from Intracat.
The agreement in principle does not concern Ellactor’s concessions, but the construction department.
The developments confirm the information of the OT according to which Winex, the company of interests of the three shareholders of Intrakat, has returned with its interest in Aktor, after the collapse of the negotiations of the shareholders of Ellactor with the scheme Adamas Group (Koutras) – Wade Adams. The latter two had entered into exclusive negotiations for the acquisition of Aktor but they did not materialize and expired before the March 31 deadline.
According to the same information, Intrakat and Ellactor have been in discussions for the past few days with the aim of completing them soon due to the pending Attica Road tender, where the Aktor – ABAX scheme has reportedly lost its majority partner, the French Ardian . Although this has not been confirmed by the two Greek companies, the information has been widely circulated in the market that the French have withdrawn their interest, with the result that there is no strong financier to claim the Attica Road.
A fact that also justifies the speed of developments, as in less than a week the agreement will be signed.
Once the agreement is completed, the approval of the Competition Commission will be pending given the significant position of the two companies in the market.
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