Add to Favorite
Magazine 
Magazine
Hellenic buyout approvedHellenic buyout approved
24-May-2003
Greece's competition commission has approved Greek jeweller Folli Follie and electronics retail group Germanos joint buyout of local operator Hellenic Duty Free Shops
The partners will buy the 40% stake - currently held by Agricultural Bank of Greece for ?176.9m ($206m), representing a 6% premium to its current market value. Hellenic accepted the offer in February, shortly before announcing impressive 2002 results.Bookmark This Article
•
•
•
•
Delicious
Digg
StumbleUpon
FacebookYour Comments On This Article
Related Stories
Articles bearing the symbol 
require subscription.
(3-Jun-2003) -
(1-Jul-2002) - GREECE. The consortium of Greek jeweller Folli Follie and IT company Germanos is poised to take a 40% stake plus management control in Hellenic Duty Free Shops. The news emerged as the Agricultural Bank of Greece named the group as the preferred bidder for a 40% stake in the operator. The deal remains subject to further negotiations over financing and clearance by regulatory authorities.
(18-Jul-2006) - The Greek jewellery company now controls over half the stock in formerly state-owned Hellenic Duty Free Shops
(18-Feb-2003) - Hellenic Duty Free Shops' (HDFS) majority shareholder has accepted a bid for 40% of the retailer from Greek jewellery supplier Folli Follie
(1-Feb-2003) -