INTERWOOD – TIMBER TRADE S.A. announces the completion of the sale of a property it owns, for a total consideration of €3 million, following the preliminary agreement that had been announced on April 16, 2026.
As had initially been disclosed, from the total consideration of the transaction an amount of €2 million is allocated to reduce the Company's bank borrowing, while an amount of €1 million is intended for the program of modernization and upgrading of its infrastructure at its central property in Elefsina.
The completion of the transaction constitutes the last of the key steps of the financial restructuring program implemented by the Company during 2026.
In this context, INTERWOOD has proceeded with:
* the sale of two properties with a total value of €8.2 million,
* the significant reduction of its bank borrowing,
* the refinancing and restructuring of a significant part of its loan obligations with improved financing terms,
* the strengthening of its liquidity and capital base through the completion of the share capital increase.
With the completion of the above actions, the Company enters a new phase, with an improved financial structure and strengthened liquidity, creating the conditions to support its further operational and commercial development.
At the same time, planning continues for the consolidation and upgrading of the Company's activities at its Elefsina facilities, with the aim of improving operational efficiency, rationalizing the supply chain and making more effective use of working capital.
The Management of INTERWOOD remains committed to implementing its strategic planning, now placing emphasis on the development of its activities, the improvement of operating profitability and the creation of long-term value for its shareholders.