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Announcement regarding the acquisition of the minority shareholder rights in Polipak

15 JUNE 2023

Sarantis Group announces that it has successfully completed on June 14 2023 the acquisition of the 20% of the share capital of the company Polipak sp. z o.o. headquartered in Poland, for a consideration of 22 mil. PLN through its subsidiary Sarantis Polska.

As a result of this transaction, Sarantis Group now owns 100% of Polipak’s share capital, thus unlocking further synergies and operational efficiencies that will enhance the long-term prospects of the Group.

It is reminded that Polipak is a leading producer of packaging and plastic bags for household and industry use on a pan European level, boasting a successful history of nearly 40 years. Over the last three decades, Polipak has become one of the largest producers of foil packaging in Central and Eastern Europe.

This strategic move strengthens Sarantis Group position in the consumer goods sector and demonstrates its commitment to driving growth and creating long-term shareholder value.

Announcement regarding the acquisition of the minority shareholder rights in Polipak (103.0KB)

Issuance of Tax Certificate for the Fiscal Year 2024

The company GR. SARANTIS S.A., in compliance with the provisions of paragraph 4.1.1 of the Athens Exchange Regulation (Rulebook) and article 17 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014, announces that, following the completion of the tax audit for the financial period 2024 (fiscal year 2024) which was carried out by the certified auditors of the Company, in accordance with the provisions of article 78 law 5104/2024, the relevant tax certificate has been issued with an “unqualified” opinion.
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