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End to scenarios on acquisition of Tsokkos

25/06/2008 11:20
After 15 months, Tsokkos decided to put an end to the scenarios according to which an institutional investor was interested in acquiring the Company. According to the announcement released to the CSE, “due to the long period of time since the institutional investor expressed its interest in the Company, the Company considers the case closed”.

On April 2, 2007, Tsokkos had announced that “an institutional investor has expressed an interest to examine the possibility of submitting a Public Offer for the acquisition of the Company’s share capital”. That day, the Company’s share closed at 45 cents (+18%).

There was no transaction for Tsokkos share today. On Tuesday it closed at 32 cents.