Papapolitis & Papapolitis has advised the Intracom Holdings in the sale of its 49% shareholding participation in Intracom Telecom to investors in Dubai.
The value of the deal was EUR 47 million structured as a EUR 35 million cash payment and EUR 12 million as "additional benefit." According to P&P, the "completion of the transaction is subject to a number of conditions, including necessary corporate approvals."
Listed in the Athens Stock Exchange and with 4,806 employees, Intracom Holdings is one of the largest multinational technology groups in Southeast Europe, and includes Intrasoft International, Intracom Defence Electronics, Hol, and Intrakat. The buyer of the 3,802,623 shares that were exchanged was not disclosed.
The P&P team working on the transaction consisted of Partners John Papapolitis, George Gravias, Nikolaos Katsaros, and Nicholas Papapolitis.
