Greeks increase stake in Inform Lykos subsidiary

Greek Inform Lykos has bought 19% in its Romanian subsidiary from Dryhold Ltd to bring its stake up to 95%, the Greek company announced. The transaction leaves Dryhold with only 5% in the Romanian subsidiary. Inform Lykos Romania did not comment further on the deal. The company split from the RTC Group following acquisition by Inform P. Lykos (Greece) three years ago in a 12 million-euro deal which included the transfer of 51% of the total shares. When the Romanian arm of Inform Lykos was first established, NBG Emerging Europe Fund held 25% in the company and Dryhold the remaining 24%. This new deal comes after the deal concluded this June, which saw the Greek company buy out NBG Emerging Europe Fund’s interest, gaining it 76%. The company turnover in 2003 increased by more than 50% over 2002 to more than exceeding 17.5 million euros. ZF