In ZEPKO, which represents the interests of the family of Mr. George Prokopiou, passed the 2% of Lamda Development, at a sale price of 7.10 euros per share, through an OTC transaction.
The Greek shipping tycoon George Prokopiou, chairman of Dynacom Tankers Management and owner of the largest shipyard of Greece, the Skaramangas Shipyards, whose name “figures” in the 100 most important people in shipping on an annual basis, has added to its business portfolio the shares of the company, a transaction which is expected to be completed within the next month.
Lamda Development has been rapidly evolving for two decades, creating visionary projects such as shopping centers and Marinas, offices and residences, while at the same time developing The Ellinikon, the largest urban regeneration project in Europe.
According to a Greek stock exchange filing, the Prokopiou ZEPKO Enterprises Company Limited, has agreed a “wide-ranging strategic partnership” with firm Lamda Development to jointly develop residential, office and educational spaces.
Specifically, the company sold 3,534,734 own shares, corresponding to 2% of the company’s total outstanding shares and voting rights, at a sale price of €7.10 per share, through an OTC transaction.
Photo credit: Lamda Development / the Ellinikon destination.
The company’s announcement in detail:
“LAMDA Development S.A. (the “company”), in accordance with Regulation 596/2014/EU and the Athens Exchange Regulation, each as applicable, informs the investing public that on 14.06.2024 the Company proceeded to the sale of own shares currently in its possession, to the company ZEPKO ENTERPRISES COMPANY LIMITED (“ZEPKO”), which represents the interests of the family of Mr. George Prokopiou.
“The sale forms part of a broader strategic cooperation between the parties, which includes the establishment of an International Curriculum school as well as residential and office space developments within The Ellinikon project, of a total permitted buildable area 86,000 sqm.
“The transaction is expected to be completed within the next month.
“In specific, the Company sold 3,534,734 own shares, corresponding to 2% of the Company’s total outstanding shares and voting rights, at a sale price of €7.10 per share, through an OTC transaction.”
