Intrakat close to buying Aktor

The final touches are being added by the heads of the Ellaktor and Intrakat groups to the acquisition agreement of Aktor by the latter.

Sources say that the announcement of the initial agreement for the sale of the construction arm of the listed Ellaktor group is now perhaps a matter of hours and in any case it seems that it will be made official within the current week. Last Friday, both listed companies confirmed that they are in discussions for the sale of Aktor to Intrakat.

Sources monitoring the process speak of an agreement worth around 200 million euros - i.e. an amount slightly greater than the revenue obtained by the investment group led by Intrakat from the sale of its shares in Ellaktor last May (€180 million).

This amount will certainly also include liabilities (e.g. the loans of Aktor and the cost of letters of guarantee), which means that the cash...