A majority of present shareholders - corresponding to 52.9 percent of total shares - on Wednesday approved an offer by the Kallitsantsis brothers for board of director changes at the Athens-based construction multinational company Ellaktor.
By T. Igoumenidis
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A majority of present shareholders - corresponding to 52.9 percent of total shares - on Wednesday approved an offer by the Kallitsantsis brothers for board of director changes at the Athens-based construction multinational company Ellaktor.
The development, coming during a general assembly, essentially means that the Kallitsantsis side will gain control of the company's board, overcoming a rival bid by Leonidas Bobolas and Dimitris Koutras.
Both sides addressed shareholders during the meeting, followed by a roll-call vote.