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With your background Olympia Group will be filled with 440 million euros of the Play sale agreement, the entrepreneur Panos Germanos and the group’s management team are already making their plan to next investment move.
Group circles explained in protothema.gr that the set of 440 million euros they are expected to reinvest in development strategy followed by Olympia Group. In fact, as they pointed out, the next move, which is not ruled out, as they said, that it is a significant acquisition, will be made in areas that he knows very well. group and in which it operates.
Battery Operated ‘Global Player’
Today the Olympia Group It is in a phase of dynamic expansion of its activities with the “peak” part of the batteries. Sunlight Systems SA now acquires a productive base on US soil and becomes a highly competitive company. ‘global player’ in a fast growing market. The new plant in North Carolina is expected to be operational in the immediate future and will allow, in addition to enhancing the productive capacity of the company, adhere to better delivery times to international partners throughout the American continent. This is expected to further strengthen the company’s market share, especially in areas with high growth rates. It is observed that the part of sunlight has already reached 10% of the global electric vehicle (EIV) market, while its strategic focus now is the development of lithium batteries in new applications. In fact, their plans include the development of a new R&D department based in Attica.
The transformation bet
Particularly important for the Group continues to be the public’s transformation bet – Media Markt after the “marriage” of the two chains, but also the emergence of the market, which is the “vehicle” on which the development targeting in the near future.
Please note that with the termination of the deal with French Iliad of French Billionaire Javier Nell and exit from the Polish market – and at the same time from telecommunications – the Olympia group maintains a solid position in Greece and Cyprus in the sectors of retail (Public – Media Markt), industry (Sunlight Systems), distribution of technology products (Westnet) , business software (SoftOne) and real estate (the Group is joint owner with VNK Capital 10% of its share capital Lamda Development SA. through the Voxcove Holdings joint venture scheme).
Without a doubt, throughout his many years of business and investment career, the founder of Olympia, Panos Germanos distinguished for his insight and skill anticipate business opportunities. The central axis of its multi-year course is investment in the development of companies with a perspective and subsequently the Capitalization of goodwill they are created in the long term.
It is characteristic that your investment in the Polish company mobile phone P4, later Play, in 2007 it became something like that. In a win-win deal, as it turned out over the years, he consolidated Germanos Polska’s 225-store chain, which had remained under his control after the deal. from the sale of Germanos to Cosmote, with the P4 founded by Novator Telecom Poland Sarl, (“vehicle” of the Icelandic interest fund Novator) receiving in return 22% of the new scheme that just two years ago had received a 3G mobile phone license.
Thirteen years later and after the company entered Warsaw Stock Exchange Offering initial shareholders a first “proof” of the goodwill that will be created, Panos Germanos and the Olympia group are in charge of capitalizing the uptrend of Play receiving 440 million euros (39% more than the current market value of the company) at a time when it is considered a “crossroads”.
And this as Play faces the need to spend a large amount on the one hand to invest in the new 5G networks, on the other hand, it ran the risk of being asked to change all the equipment on its network, which relies almost exclusively on Huawei Technologies Co. systems, should the Polish government continue to impose a blockade on the US. the Chinese company and demanding a gradual “decommissioning” of existing systems. . In fact, Play had moved on last week. estimating that 900 million zlotys (€ 200 million) would be needed to replace the equipment.
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