Ellaktor : Tender offer and renewable disposal not yet fully priced in. We stay Buy
Last 6 May, top shareholder Reggeborgh and Greek energy specialist Motor Oil announced a series of wide-ranging transactions that will further strengthen Ellaktor's shareholder basis and push restricted net debt towards positive territory, making Ellaktor a sound credit. In particular, Reggeborgh's public tender offer will lead, if the latter obtains more than 50% of shares, to Ellaktor launching a change of control offer at 101%. With the € 600m of proceeds expected from the sal...Ellaktor operates via its subsidiaries, mainly in constructions and quarrying, real estate development and management, wind power and environment, and concession sectors. Co. operates abroad in the Middle East countries, and specifically in the United Arab Emirates, Qatar, Kuwait, Oman and Jordan, as well as in other countries, such as Germany, Italy, Cyprus, Romania, Bulgaria, Albania, Serbia, Cameroon, Turkey, Croatia, Bosnia-Herzegovina, FYROM, the U.S., the U.K., Chile and Panama. As of Dec 31 2014, Co. was mainly operating in six business segments: construction and quarries; real estate development; concessions; wind farms; environment; as well as other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.