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Dimand S.A. — M&A Activity 2025
Sep 10, 2025
2656_rns_2025-09-10_99f5eacc-b02d-4b95-a227-acbc9a58d0b8.pdf
M&A Activity
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Maroussi, September 10, 2025
Announcement of Regulated Information pursuant to Law 3556/2007
DIMAND S.A. – Conclusion of the acquisition of the property in Crete
Following the relevant announcement dated 11.04.2025, DIMAND S.A. ("Dimand" or the "Company") hereby informs investors in accordance with the provisions of Law 3556/2007 (article 3, par. 1 exhibit 16 (bb) and article 21), Regulation (EU) No 596/2014 of the European Parliament and the Council on market abuse, and the Athens Exchange Regulation, each as applicable, that the transfer by REDS S.A. to ARCELA LTD, a 100% subsidiary of the Company, of 100% of the share capital of the company GOURNES ANAPTYXI KAI DIACHEIRISI AKINITON S.M.S.A., owner of a land plot of a total area of c. 346 thousand sq.m., located in Gournes, Municipality of Hersonissos, Heraklion, Crete, has been completed.
The consideration for the above acquisition amounted to €40.1 million and was calculated taking into account the company's financial position at completion of the transaction, using the adjusted net asset value method. The transaction was financed with debt.
At the same time, and with regard to the acquisition of properties in Attica, namely:
- 1) The acquisition of 100% of the share capital of the companies KANTZA EMPORIKI S.M.S.A., (sole shareholder REDS S.A.), and ΚΑΝΤΖΑ S.M.S.A. ANAPTYXIS DIACHEIRISIS KAI EKMETALLEUSIS AKINITON, (with sole shareholder ELLAKTOR S.A.), owners of landplots, of a total area of c. 319 thousand sq.m., located at Camba Estate, Municipalities of Paiania and Pallini, Attica, and
- 2) The acquisition of a landplot of a total area of c. 4.4 thousand sq.m. and of a landplot of a total area of c. 1.3 thousand sq.m. with a listed residence of 0.7 thousand sq.m.; the two landplots are located in the area of Trigono Cambas, Municipality of Pallini, Attica,
it was agreed to extend the relevant agreements until the fulfillment of the conditions precedent, which is estimated to occur by the end of 2025. The Company will inform the investors of any material development in the progress of the above acquisitions.
This announcement is published by the Company in accordance with the Market Abuse Regulation (EU) 596/2014 ("MAR Regulation") and contains information that falls under the concept of privileged information for the purposes of Article 7 of the MAR Regulation. For the purposes of the MAR Regulation and article 2 of the Executive Regulation (EU) 2016/1055 of the Commission, the person responsible for the publication of this announcement on behalf of the Company, is Mrs Electra Demi, the Company's Investor Relations and Corporate Announcements Officer (tel. +30 210 8774200, e-mail: [email protected]).