AKTOR Group of Companies officially announced that it has completed the largest acquisition in its history, acquiring 100% of the shares of AKTOR Concessions from ELLAKTOR Group for a net price of 194.6 million euros and “entering a new era of growth, which places it at the top of the market”, as it specifically stated.
According to the official announcement, with the integration of AKTOR Concessions into the AKTOR Group, a major cycle in the infrastructure sector is completed, which marks the drastic strengthening of the Group and is accompanied by a significant financial legacy for the future, as the acquisition of AKTOR Concessions ensures strong and predictable flows on its path towards the future.
In combination with its existing or planned investments, AKTOR Group is building the healthiest and one of the largest portfolios of PPP and Concession projects in Greece, accelerating the implementation of its business plan, which aims to diversify its revenues and generate value for its shareholders.
Commenting on the completion of the acquisition, AKTOR Group Chairman and CEO, Alexandros Exarchou, stated: “The acquisition of AKTOR Concessions is a major milestone in the history of our Group. We are building the healthiest and one of the largest portfolios of PPP and Concession projects in our country, which will significantly strengthen the company and accelerate its strategic planning, offering stable and predictable flows for the future and ensuring sufficient revenues for the times when the opportunities of the traditional construction market will be smaller.”
Exarchou added: “In less than two years, we have successfully completed all the major acquisitions we had set as our target. We are implementing our plan for the future with reliability and determination and are building a strong business Group, with investments in new fields, which create value for our shareholders. The new era for our Group has begun and we are pleased that AKTOR Concessions is now part of AKTOR.”
