Souroti Cooperative to sell its stake in Souroti on Dec 7

Souroti Agricultural Cooperative, owner of a 4.5 pct equity stake -or 702,472 shares- in Souroti sparkling water bottler, on Thursday announced it was delaying a date for the sale procedure of its shares for December 7, a decision taken in order to offer to interested investors more than time to prepare the necessary paperwork.

The sale procedure will be held at the Cooperative’s offices in Souroti, Thessaloniki, while bids will start at a price of 1.2 euros per share. A bidding procedure will follow while the signing of the sale contract will be made within 24 hours and delivery of shares will be made simultaneously with payment.

Ivan Savvidis Group (owner of a more than 40 pct equity stake in Souroti bought at a price of 1.05 euros per share) and Coca Cola HBC (owner of a 20 pct equity stake bought at a price of 1.0 euros per share), are the main candidates for the purchase of the Cooperative’s stake.