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Ellaktor acquired an additonal stake in Attiki Odos for €37.5m.

Synopsis

Ellaktor, a multinational Greek construction group, acquired an additonal stake in Attiki Odos, a modern motorway that extends along 70 km. and crosses the Attica Prefecture, for €37.5m. Commenting on the acquisition, the CEO of ELLAKTOR, Mr. Anastassios Kallitsantsis, stated: «The increase of our participation in ATTIKI ODOS S.A. and in ATTIKA DIODIA S.A. is fully aligned with the new strategy of ELLAKTOR, which foresees that we maintain our leading position in concessions and through it we create long-term shareholder value. It is an investment with extremely important business, strategic and financial benefits for ELLAKTOR, both on a short-term as well as on mid-term level. Attiki Odos is the most representative footprint of our Group, since on the one hand, it is a creation of our construction subsidiary AKTOR and on the other hand, it is a distinctive concessions project of our subsidiary AKTOR CONCESSIONS. 17 years after the inauguration of the first part of the road, Attiki Odos maintains intact its construction supremacy as well as its undeniable level of services provided, elements which constitute Attiki Odos one of the top infrastructure projects in Greece, the most crucial road in Athens and the standard choice for the daily commutes of hundreds of thousands of drivers”.

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