Donskoy Tabak Wraps Up Acquisition of SEKAP for 3.3 Mln Euro

Donskoy Tabak Wraps Up Acquisition of SEKAP for 3.3 Mln Euro

ATEbank said it wrapped up a transfer of a 50.36% stake in SEKAP SA to Donskoy Tabak JSC for 3,318,337 euro in cash, the Athens News Agency reported.
The completion of the transaction was the result of a public, transparent and competitive procedure which took place in a very adverse economic environment, the agency reported, quoting a bank statement. 
The transaction is a direct foreign investment which strengthens Greek regions and farm production in a period crucial for the Greek economy, while it safeguards the continuation of the business, it added.
 
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