EMMA CAPITAL Ltd made an offer to acquire an unknown minority stake in Vivartia Holding S.A. from Marfin Investment Group Holdings S.A. (ATSE:MIG) on September 17, 2019. Under the terms of the transaction, in addition to the purchase price, EMMA is prepared to also buy part of Vivartia’s banking debt, thereby lowering its external banking debt burden to sustainable levels. Stake to be sold is to be decided by the existing shareholders. Board of Directors of Marfin Investment granted to CVC Capital partner an exclusivity period for the negotiations until November 6, 2020 (inclusive), during the period Marfin investment cannot proceed to other discussions in this regard for the time being.