C.B Holdings bids for Caramondani Bros

The Board of Directors of C.B Holdings Limited announced that it has proceeded via pre-agreed package with the purchase of 4,355,308 shares of Caramondani Bros Public Company Limited that corresponds to 43.45% of its share capital from G. Caramondani Investments Ltd and Stavros Caramondanis at the price of EUR0.68 per share. 

As a result, the company has submitted a Public Offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of Caramondani Bros Public Company Limited in cash. 

The issued share capital of CAR stands at EUR4,310,095.11 divided into 10,023,477 shares of nominal value EUR0.43 each. At the date of this announcement, the persons acting in agreement with the Company hold 0.09% of CAR. 

 The proposed consideration for the acquisition of the Company’s titles stands at EUR0.90 per share, which will be paid cash to the shareholders who will accept the Public Offer. 

Sharelink Securities and Financial Services Limited acts as financial consultant within the framework of the Public Offer.