Iktinos Hellas S A Greek Marble Industry Technical and Touristic : Acquisition of the company EM.TSALAPATANIS & E.E

IKTINOS HELLAS S.A.announces to the investing public that it has acquired 99% of the company EM.TSALAPATANIS KE SIA E.E.for a total price of 1,000,000 euros.The company IKTINOS HELLAS S.A.had for 13 years the exclusive exploitation of the two quarries of EM.TSALAPATANIS KE SIA E.E.with a total area of 195 acres, in the municipality of Nestos, Kavala prefecture, which contributed significantly to its turnover, by 4 million and at a rate of 13%.The company IKTINOS HELLAS S.A.proceeded with the acquisition of EM.TSALAPATANIS KE SIA E.E.for operational and business purposes.The company EM.TSALAPATANIS AND CO. E.E.has the lease rights on public quarries and owns two quarries with a total area of 195 acres.In addition, it has submitted two applications for the exploitation of a marble quarry, with a total area of 200 acres, in the municipality of Nestos in the prefecture of Kavala.These quarries are expected to significantly enhance the production capacity of IKTINOS HELLAS SA, with an increase of 13,000 tons in the immediate future.