Stademos Hotels Plc (CSE:SHL) entered into an agreement to acquire Stavros Demosthenous Contractors Ltd from Stavros Demosthenous and members of his immediate family for 13.1 million on September 11, 2015. The purchase price of 9.7 million to be paid in cash with remaining consideration to be paid through issuance of Stademos Hotels shares. The transaction was unanimously approved by the shareholders of Stademos Hotels Plc.
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- Stademos Hotels Plc entered into an agreement to acquire Stavros Demosthenous Contractors Ltd from Stavros Demosthenous and members of his immediate family for €13.1 million.