IDEAL Holdings examining IPO and listing of ATTICA on Euronext Athens

IDEAL Holdings announced that its bulk controlled Cypriot subsidiary, Kymora Limited, sole shareholder of ATTICA DEPARTMENT STORES SINGLE-MEMBER S.A., is considering offering a percent of its existing shares successful attica to the nationalist successful Greece done a nationalist offering, arsenic well arsenic the imaginable admittance of each of attica’s shares connected the Regulated Market of the Athens Stock Exchange (Euronext Athens).

In this discourse and successful practice with attica, IDEAL has initiated each the indispensable preparatory steps for the valuation of this transaction.

Any last determination regarding the Initial Public Offering and/or the admittance of Attica’s shares for trading connected Euronext Athens, arsenic well arsenic the terms and timetable thereof, will beryllium taken astatine a aboriginal stage.

IDEAL will pass the nationalist of immoderate applicable developments successful accordance with the applicable legislative and regulatory framework.

The transaction is subject to, among different things, a last determination by the competent firm bodies, prevailing marketplace conditions, arsenic well arsenic the receipt of the required regulatory and supervisory approvals, including the support of the Prospectus and the listing exertion by the competent supervisory authorities.

This does not represent an connection to sell, a solicitation, oregon an invitation to submit an connection to acquisition securities, nor a proposal oregon solicitation to marque an concern decision, according to the announcement.