Ideal Holdings S.A. (ATSE:INTEK) signed a Share Purchase Agreement to acquire K.T. Golden Retail Venture Ltd for ?100 million on June 20, 2023. The acquisition will be financed with bank debt of ?65 million and IDEAL shares of ?35 million. In the context of the transaction and as a condition precedent to the completion of the acquisition, it was agreed that the indirect/ultimate shareholders and controllers of KT to participate in: (a) the purchase of 592,000 treasury shares held by IDEAL at a price of ?4.15 per share and (b) the increase of IDEAL's share capital by cash payment and the issue of 7,869,000 new common registered shares with voting rights, with a nominal value of ?0.40 and with a issue price of ?4.15 per share, to be performed by IDEAL, in favor of them, with the exemption of the existing shareholders? preemption rights, so that they become shareholders of IDEAL with a percentage of approximately 17.63% of the total paid-up share capital following the above increase. The completion of the transaction is subject to standard conditions and approvals, including approvals of the Extraordinary General Meeting of IDEAL shareholders and the Hellenic Competition Commission.

Ideal Holdings S.A. (ATSE:INTEK) completed the acquisition of K.T. Golden Retail Venture Ltd on September 1, 2023.