Negotiations between the Elactor group and businessman Dimitris Koutras regarding the latter’s acquisition of Actor are “swelling”, while, according to information, another “partner” for the successful completion of the agreement, Wade Adams, has reportedly left the negotiating table. Of course, no one can rule out some data differentiation, as is often the case in business transactions, but given the current picture, this seems difficult. Recall that the three-week period during which the parties agreed to hold exclusive negotiations has already passed.

Sources closely following the relevant processes noted yesterday that Mr. Koutras is still in talks with Ellactor’s management, but the field for finding common ground is rather small due to existing structural problems that are difficult to overcome. 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 implementation of projects that Actor Concessions has taken or will take on. in future. This is a condition that, while having significant benefits for both parties, also creates significant uncertainty about the possibility of a future sale of “acting concessions”. 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 the Concession Actor may wish to transfer the projects to another company or even his own, since this is a construction group, thus wanting to create the necessary synergy.

Although the scenario of the sale of Actor Concession has been officially refuted by the management of Ellactor, the entire construction market seems to be convinced of the opposite, that is, the ultimate goal of Reggeborgh Invest is the sale of Actor Concession. Also”. “Concessions and construction are inextricably linked activities. It is extremely difficult to sell them separately,” says an experienced construction industry executive.

There was also a three-week period when they had exclusive talks.

However, Kutras’ side would not say “no” to acquiring even a minority stake in “Actor”, but on the condition that it would have an absolute “mandate” in managing the company and formulating its strategy. To what extent such a decision will serve the long-term planning of Elactor’s shareholders, time will tell.

intracat

At the same time, according to market sources, Intrakat still appears, which even submitted a written offer to acquire Actor – according to rumors, even higher than that of Wade Adams and Dim. Dog. In this context, contacts between the two sides continue, but nothing concrete has come out so far. Moreover, the reasons why Elactor’s shareholders did not choose Intrakat as Elactor’s preferred buyer remain valid today. Among them, the strengthening of a direct competitor, the absence of a partner in the construction of projects “Actor Perchoresis” and other regulatory obstacles with the possible involvement of a tender commission.

Added to the above is the personal relationship between the shareholders of Ellactor and Intrakat, who were hit hard by simultaneously claiming control of Ellactor, ending up on Mr. Dima’s side. Baku, G. Kaymenaki and Al. Exarchou continues to sell its shares in the Vardinogiannis group and purchase a majority stake in Intrakat.