PRESS RELEASE A joint venture cooperation preliminary agreement between Estee Lauder Companies and Sarantis Group of Companies was signed concerning Greece and the Balkans. In the agreement the start up of a new company is mentioned, which will manage the interests of the Companies of Estee Lauder in the area of the Balkans with headquarters in Athens.
PRESS RELEASE The announcement to the Shareholders of our Company refers to the 19.068.100 new common anonymous stocks of nominal value 500 drs. each, which will be negotiated in the Main Market of the Athens Stock Exchange, starting 4th October 2000, being derived from the recent capital stock increase of the Company, by paying cash the amount of drs.
PRESS RELEASE The capital increase of Sarantis company was completed successfully raising at 23 billion drs. This capital will be used in funding the development program of Sarantis which focuses on a joint venture agreement with a foreign multinational Group of Companies for Greece and the Balkans.
PRESS RELEASE The consolidated results of the Sarantis Group displayed a growth in sales of 19% and earnings of 10% in the first half of 2000, compared to the first half of 1999. In terms of operating profits, Sarantis shows an impressive growth of 70% in comparison to the corresponding period last year.
PRESS RELEASE A preliminary contract for the sale of 49% of the K.P. MARINOPOULOS S.A. shares to GR. SARANTIS S.A. was signed. K.P. MARINOPOULOS S.A. is concerned with the distribution and representation of pharmaceutical products with a significant export activity.
PRESS RELEASE ATHINAIA S.A., one of the most historic companies in the department stores business, and MULTIRAMA S.A., a subsidiary company of GERMANOS S.A. and SINGULAR S.A., which operates in the retail business of information technology & telecommunication products and services are moving towards a strategic partnership.