The company “Prodea” announces that the Company's Board of Directors, by its decision dated 16.09.2026 and in accordance with articles 99-101 of Law 4548/2018, approved the conclusion of a Share Purchase Agreement with the purchasing companies Invel Investments Cyprus Ltd (hereinafter “IICL”, a subsidiary of Invel Eudora Fund II) and LGT Capital Partners (an independent third-party investor).
The transaction concerns the sale by the Company, to IICL of a 30.35% participation interest and to LGT Capital Partners of an 18.65% participation interest, held by Prodea, in the Cypriot company under the name “LOGEON VC RAIF V.C.I.C. PLC” (hereinafter “LOGEON”), which has been established for the purpose of acquiring, holding, developing, leasing, managing, operating and, in general, exploiting logistics real estate, as well as carrying out any ancillary or related activity in Greece.
The Company had previously contributed to LOGEON all of the shares of its wholly owned subsidiary, the Greek company under the name “THRIASEFS SINGLE-MEMBER SOCIETE ANONYME”, to which the Company's logistics branch had been contributed following a demerger.
The consideration will be calculated based on a value of €151.9 million for 100% of the underlying properties of the transaction, without taking into account debt and other liabilities ( on a debt free / liabilities free basis), adjusted proportionally to the total participation interest of 49%, which is the subject of the sale, as well as based on the assets and liabilities usually taken into account in transactions of this kind. PRODEA is expected to receive net consideration of €30.5 million.
PRODEA will continue to manage and develop the logistics real estate portfolio, leveraging the experience and expertise it has in this specific sector. Simultaneously with the signing of the Share Purchase Agreement, the above parties will also enter into a Shareholders’ Agreement.