Further to its relevant announcement of 8 September 2026, “PETROS PETROPOULOS S.A.” (the “Company”) informs the investment community that a definitive agreement has been reached to acquire 100% of the shares in “TZORTZIS CAR TRADING AND SERVICE S.A.” (the “Acquisition”) for a consideration of €6.5m, of which €2.6m will be paid on completion of the Acquisition, with the balance payable in three equal annual instalments after completion.
Completion of the Acquisition (through the purchase of the target company’s shares) is subject to approval by the Competition Commission, as well as completion of the demerger already launched by the target company through the spin-off of its real estate division, in accordance with the published demerger plan.