12/11/2007 12:19
The major shareholders of Astra Self Drive Cars offer a premium of 40% for the acquisition of up to 100% of the share capital of the Company. According to an announcement released today, Messrs. Andreas Kontos and Christos Kontos, who are major shareholders of Buziba, decided to submit a Public Offer for the acquisition of the total shares of the Company against €0.25. The Offerors already hold 69.84% of its share capital. The major shareholders will have to submit €1.5 million to acquire the company fully.
The Public Offer is subject to the competent authorities’ approval. The Company will proceed to all necessary actions.
Astra Self Drive Cars was listed in the CSE on November 17, 2000 and is actively involved in car rental. In 2006, the Company suffered losses of £785.9 thousand.
Astra is one of the three CSE-listed companies involved in car rental. The others are Petsas and ASG. The major shareholders of Petsas announced recently their decision to submit a Public Offer for the acquisition of the total shares of the Company against €0.28 (premium of 40%).
The Public Offer is subject to the competent authorities’ approval. The Company will proceed to all necessary actions.
Astra Self Drive Cars was listed in the CSE on November 17, 2000 and is actively involved in car rental. In 2006, the Company suffered losses of £785.9 thousand.
Astra is one of the three CSE-listed companies involved in car rental. The others are Petsas and ASG. The major shareholders of Petsas announced recently their decision to submit a Public Offer for the acquisition of the total shares of the Company against €0.28 (premium of 40%).
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