Nordic Leisure Group will acquire a stake in Premia Properties, following the sale to it of two Sunwing hotels in Greece a few days ago.
It is recalled that the Scandinavian group sold to Premia its two 4-star hotels in Rhodes and Crete, Sunwing Kallithea Beach and Sunwing Makrigialos & Ocean Beach Club, for the amount of €112.5 million. €. According to Premia’s announcement on the Greek Stock Exchange, the Swedish side will acquire shares worth up to €12.5 million. through a future capital increase, for €1.36 per share, with the resignation of the existing shareholders.
The announcement
The announcement refers as follows:
“PREMIA PROPERTIES REIC (“PREMIA” or the “Company”) announces that it has agreed with the company “NLTG HH GREECE SINGLE MEMBER SOCIETE ANONYME”, a subsidiary of the Swedish company “NORDIC LEISURE TRAVEL GROUP HH Greece AB”, to participate in a future share capital increase of PREMIA up to the amount of € 12,500,000, at an offer price of € 1.36 per share and subject to the waiver of the pre-emption right of the existing shareholders of PREMIA.
The relevant decision and the individual terms will be taken by the competent General Meeting of the Company’s shareholders, which will be convened until 31.12.2024 in accordance with all
conditions laid down by law”.
