ANNOUNCEMENT
GR. SARANTIS S.A. announces that today, 06/12/2007, has disposed of its participation to the company K.P. MARINOPOULOS S.A.
More precisely, SARANTIS GROUP sold 49% of the capital of K.P. MARINOPOULOS, a wholesaler and distributor of pharmaceuticals. The total transaction amounts to 18.5 million Euros.
SARANTIS GROUP, in accordance with its strategy that is focused on the exit from non-core business categories, aims, with this transaction, to further improve the Group’s cash flows in order to materialize its plans for acquisitions in its old countries of operation.
Contact
SARANTIS Group
26, Amaroussiou - Halandriou Street
151 25 Maroussi, Athens, Greece
Tel: +30 210 6173000
Fax: +30 210 6197081
e-mail: group-info@sarantisgroup.com
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