MIG HOLDINGS S.A. 07/12/2015
ANNOUNCEMENT
Sale of participation in Skyserv Handling Services
'MARFIN INVESTMENT GROUP HOLDINGS S.A.' (hereinafter 'the Company') hereby announces that, following the decision of the Board of Directors, it accepted today a binding offer from «SWISSPORT AVIAREPS HELLAS S.A.» to sell the entire stake in Skyserv Handling Services S.A. (hereinafter 'Skyserv Handling Services'). The transaction consideration is €18m in cash payable in instalments, of which an amount of €10m payable upon completion of the transfer of shares and the remaining consideration payable in three (3) annual instalments. The transaction is expected to be completed, with the transfer of shares, over the next two (2) weeks.
The sale is consistent with MIG's stated strategy of gradual disposal of participations in non-core assets while focusing on core businesses with positive prospects, aimed at creating added value for the shareholders of the Group.
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