Epsilon Net finalises deal with Space Hellas

In particular, EPSILON NET acquired from SPACE HELLAS all its shares in Epsilon SingularLogic S.A., which corresponded to 39.97% of the company’s share capital, for the amount of €11.8 million. 

After the transfer, EPSILON NET Group’s stake in Epsilon SingularLogic S.A. amounts to 99.97% of its share capital. 

At the same time, EPSILON NET sold to SPACE HELLAS all its shares in SINGULARLOGIC S.A., which corresponded to 39.93% of its share capital, for the amount of €6.3 million.

In order to determine the purchase price of the shares of Epsilon SingularLogic S.A. and the sale price of the shares of SINGULARLOGIC S.A., the following were considered:

a) the Equity of each company, and

b) the Independent Chartered Auditors Reports which indicate that the sale & acquisition prices correspond to the fair value of SINGULARLOGIC S.A. and Epsilon SingularLogic S.A.