Interest in real estate as well as retail business “I. Klukinas – I. Lappas” It has Intracomas his goal is to retain control of both of these subsidiaries, which he plans to split after completing the acquisition of 74.21% of the company.

According to a statement released by Intracom on Friday evening, the company’s intention, based on its strategic planning, is to use the “I. Klukinas – I. Lappas” in synergy with the respective portfolio that he contributes to the new subsidiary Intracom Properties, through the unfinished division of the real estate sector through the creation of a new company and his contribution. to it, with the aim of a unified further development of them. The goal is to merge I. Klukinas – I. Lappas with a new subsidiary of the Intracom group, Intracom Properties, by taking over the latter from the former and renaming I. Klukinas – I. Lappas” at Intracom Properties.

The acquired company’s business plan to develop and operate Mothercare children’s stores provides for the continuation of its activities as a separate company by spinning off the respective subsidiary and contributing to the new subsidiary the Intracom group with the participation of the Lappa family as shareholders and in the management of the new scheme with the ultimate goal of its further development. Finally, the subsidiary KLM ATE, which will retain ownership of the hydroelectric plant in Kerasovo, Ioannina, will be transferred to the Lappa family after their other properties have been transferred. It is noted that in the field of energy “I. Klukinas – I. Lappas” entered in 2000, with the establishment of K.L. Energiaki SA with a share of 85%, with the aim of operating in the developing energy sector. In 2021, the company’s revenue from activities in the energy sector was 873,665 euros, and profit before tax was 395,260 euros. The company has little to no other activity in the energy sector, with 97% of its revenue in this sector coming from hydro power and the remaining 3% from 77kW photovoltaic panels installed on the roof of its building in Tavros.

It should be reminded that on Thursday, February 2, the deal for the acquisition by Intracom Holdings of a 27.61% stake in I. Klukinas – I. Lappas with shareholder Lukas Spenzaris as seller, as well as the signing of a binding memorandum of understanding with the Lappas family to sell a further 46.60% on their behalf, a transaction expected to be completed during the first quarter of 2023 . With the acquisition of this stake, Intracom will proceed to submit a mandatory public offer, based on what is required by law.