In the context of the obligations stipulated by the Rule 5/204/14.11.2000 of the Hellenic Capital Market Commission Board of Directors regarding an article in the financial press dated 03/12/2007, Gr. Sarantis S.A. management confirms that it is under negotiations for the acquisition, by its subsidiary Sarantis Romania, of the 100% of a Romanian company with relevant activity.
There is no memorandum signed, while the direct negotiations with the shareholders of the Romanian company are under development. Taking into consideration that the final outcome depends on the related parties’ agreement upon all issues, the relevant announcements will take place as soon as the final contract is signed.