Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha

30 October 2018
782 Views

A fully owned subsidiary of Motor Oil group, one of two of Greece’s petrochemical and refinery groups, has acquired a controlling stake (50 percent + 2 shares) of the Athens-based national broadcaster Alpha.

The shares were purchased by Motor Oil subsidiary Seilla Enterprises Ltd.

The Vardinogiannis family, the primary shareholders of Motor Oil, controls another Athens station, Star.

In a press release on Tuesday afternoon, Alpha Media Group Ltd. announced the transaction and an accompanying price tag of 21.477,000 euros for the 50 percent + 2 of the shares. The group also announced a coming share capital increase, with Alpha Media saying it will provide 11.477,000 euros and Seilla Enterprises Ltd. 11,523,000 million euros.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares36 views
GREECE
shares36 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares47 views
FINANCE
shares47 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares42 views
FINANCE
shares42 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.