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Hellenic cofirms Elmec Sports acquisition - UPDATEHellenic cofirms Elmec Sports acquisition - UPDATE
Tina Milton
8-Oct-2007
Hellenic Duty Free Shops buys a controlling stake in local retailer
Greek travel retailer Hellenic Duty Free Shops (HDFS) has confirmed its board of directors has unanimously approved the acquisiton of a controlling stake of 51.84% in local retailer Elmec Sports from Homeric Department Stores for nearly €115m ($219m). The stake is the total participation of Homeric in Elmec Sports.
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(18-Jul-2006) - The Greek jewellery company now controls over half the stock in formerly state-owned Hellenic Duty Free Shops
(28-Nov-2007) - Sales increased by 19.6% at Hellenic Duty Free Shops during the first nine months of 2007 despite the accession of Bulgaria and Romania to the EU
(26-Jan-2006) - Reports indicate private investment company BC Partners plans to purchase a stake in Hellenic Duty Free Shops
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