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Souriadakis Tsibris and Papapolitis & Papapolitis Advise on Sale of KLM Stake to Intracom Properties

Souriadakis Tsibris and Papapolitis & Papapolitis Advise on Sale of KLM Stake to Intracom Properties

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Souriadakis Tsibris has advised the Lappas family on the EUR 18.74 million sale of their stake in KLM S.A. to Intracom Holdings subsidiary Intracom Properties. Papapolitis & Papapolitis advised the buyer.

KLM is an ATHEX-listed company active in the construction and commercial sectors.

Established in 1977, Intracom Holdings is a Greek conglomerate that consists of companies specializing in IT solutions and services, defense electronics systems, construction, real estate, and renewable energy.

According to Papapolitis & Papapolitis, as a result of the transaction, Intracom Properties' total shareholding in KLM has reached 74.20%.

"Intracom will now proceed with a mandatory public offer for the acquisition of all KLM shares," Souriadakis Tsibris informed.

The Souriadakis Tsibris team included Managing Partner Michael Tsibris, Partner Pigi Konstantinou, and Associate Hara Kora.

The Papapolitis & Papapolitis team included Partner Evi Tsilou, Counsel Panagiotis Papageorgiou, Senior Associate Anna Pavlaki, and Associates Antonia Rountou and Konstantina Tsourouni.