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One of the most profitable Greek companies is for sale

28 January 2013 / 18:01:04  GRReporter
5481 reads

The S & B "Industrial Minerals" S.A. company has officially announced that it is starting exclusive talks with Rhône Capital for the sale of a substantial package of its shares. "Odysseas Kyriakopoulos and members of the Kyriakopoulos family who are shareholders in the company are in exclusive talks with Rhône Capital IV to reach the signing of an agreement with Delphi Luxembourg Holdings S.À RL to make a mandatory public offer for the acquisition of S & B’s shares," reads the statement.

The Kyriakopoulos family holds 61% of the share capital of S & B "Industrial Minerals" S.A. The selling price of one share is set at 5.8 euro. If after completing the mandatory offer the investor acquires 90% of shares with voting right, it is entitled to apply the right to purchase and write off the company from the Athens Stock Exchange.

Odysseas Kyriakopoulos, president of the company, said that despite the change, the company's headquarters would remain in Athens as reported by Naftemporiki. Currently it is believed that it will not be moved to Luxembourg despite the better economic conditions and the favourable tax policy. After the disclosure of the negotiations, the shares of S & B "Industrial Minerals" S.A. have been suspended from trading on the Athens Stock Exchange.

Rhône Capital is an international private equity firm with significant experience in investing in a wide range of areas, including trade in raw materials and extractive industries. The fund was established by Robert Agostineli and Stephen Laghman, who were part of the investment giants Lazard and Goldman Sachs. Rhône Capital manages at present about $ 8.5 billion and it has been the owner of the "Yellow pages" directory in Greece since 2008.

Tags: EconomyCompaniesS and BOdysseas KyriakopoulosPurchase
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