Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. for approximately ?110 million.

Manetial Limited made a bid to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately ?110 million on May 22, 2024. Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately ?110 million on June 10, 2024. A cash consideration of ?114.73 million will be paid by Manetial Limited.

Acquirer board grant a special permission allowing its subsidiary MANETIAL LIMITED to proceed with the acquisition. Manetial Limited Board having taken into consideration the fairness opinion report conducted by Deloitte Certified Public Accountants S.A. AXIA VENTURES GROUP provided fairness opinion to Ellaktor.