Home Economy Acquisition of “Actor” by Kutra and Wade Adams fell through

Acquisition of “Actor” by Kutra and Wade Adams fell through

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Acquisition of “Actor” by Kutra and Wade Adams fell through

Acquisition of Aktor by Wade Adams Hellas and Adamas Group Limited, owned by businessman Dimitris Koutras, is heading towards collapse after exclusive negotiations between the Elactor group and the interested buyers’ side are interrupted. The wreckage of bilateral negotiations, during which “K” was mentioned recently (“Actor acquisition by Kutra and Wade Adams fell through”, 2/3) was officially announced yesterday via the Ellactor announcement. This was preceded at the end of January by the signing of a preliminary agreement between Elactor and the Wade Adams and Adamas Group scheme, which provided for an exclusive period for negotiations and completion of the agreement until March 31, 2023.

Those who follow the relevant processes claim that finding the golden ratio was difficult due to structural problems that could not be solved. Among them, it seems, is the “closure” of cooperation with Actor Concessions, that is, that the new owners of Actor will have an exclusive relationship with the execution of projects that Actor Concessions has taken or will take over. in future. This condition would indeed have significant benefits for both parties, but it also created significant uncertainty about the possibility of a future sale of Actor Perajores. In such a situation, the owners of “Actor” would find themselves with new partners, even with a binding partnership. At the same time, the future owner of Actors’ Concessions may wish to entrust the work to another company or even his own, since this is a construction group, thus wanting to create the necessary synergy.

As for the Concession Actor, although the scenario of its sale is officially refuted by the Ellactor management, the construction market seems to be convinced of the opposite. In other words, the store at Actor Perachoris appears to be a strategic target for Reggeborgh Invest, according to the information. After all, the construction and concession sectors are activities that are inextricably linked, and therefore, according to construction participants, it will be difficult to sell them separately.

Author: newsroom

Source: Kathimerini

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