Intracom Properties acquired 46.59% stake in I.Kloukinas-I.Lappas S.A. (ATSE:KLM) from Ioannis Lappa, Violetta Lappa Mary Lappa, MUTSAFE LIMITED and Cleopatra Lappa for €18.7 million on May 12, 2023. Group's (Intracom Properties and Intracom Holdings S.A.) participation in K.L.M., amounts to 74.20%, as a result of which the conditions for carrying out a mandatory public offer are met within the deadline and in accordance with the provisions of the relevant legislation. Michael Tsibris, and Pigi Konstantinou of Souriadakis Tsibris Law Partnership and Evi Tsilou of Papapolitis & Papapolitis acted as legal advisor to .Kloukinas-I.Lappas.

Intracom Properties completed the acquisition of 46.59% stake in I.Kloukinas-I.Lappas S.A. (ATSE:KLM) from Ioannis Lappa, Violetta Lappa Mary Lappa, MUTSAFE LIMITED and Cleopatra Lappa on May 12, 2023.