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Technical Olympic S.A. M&A Activity 2025
2668_rns_2025-12-17_aadbbb2d-022c-4a8d-bbb9-0053ab1069bf.pdf
M&A Activity
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December 17, 2025
PRESS RELEASE
The Company under the name "TECHNICAL OLYMPIC S.A." (hereinafter the Company), following its announcement dated 18/09/2023, informs the investors that on 17.12.2025 the joint venture "SOUTHERN SUBURBS REAL ESTATE DEVELOPMENT" signed a contract for the construction of residences under the landfor-flats system on a plot of land located in Vouliagmeni, Attica.
In the above joint venture, the Company's wholly owned subsidiary "TO INTERNATIONAL HOLDING LTD" participates as a member with a percentage of 50%. The corresponding share in the Joint Venture based on the land-for-flats contract amounts to 341.96 sq.m.
Another member with a percentage of 50% of the above Joint Venture is the company "TARISHORE REAL ESTATE EXPLOITATION SINGLE MEMBER P.C.", two thirds (2/3) of whose corporate units were acquired by the Company on 17.12.2025 for a consideration of €500,000, which was paid in accordance with the terms of the relevant agreement.
The Company will promptly inform the investors for any status modification on this matter.