ATHEX-listed Lamda Development will completely take over the Helleniko concession, the Athens-based company announced on Wednesday, with its board of directors also saying an extraordinary general assembly of shareholders will be convened to approve of a share capital increase up to 650 million euros.
The move means that Lamda Development will buy out its two Helleniko consortium partners, Chinese multinational Fosun and Abu Dhabi-based Eagle Hills. The trio participate in the Global Investment Group vehicle.
According to Lamda, negotiations have been taking place over the past few months in a "good climate".
