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Friday May 9, 12:58 PM
Carlyle Group acquires 70 pct of Greek Neochimiki on ASE block trades - sources

ATHENS (Thomson Financial) - US-headquartered private equity fund Carlyle Group has acquired more than 70 percent of Greek chemical company Neochimiki SA via block trades on the Athens Stock Exchange, sources close to the matter told Thomson Financial News.

The sources explained that the main shareholder, Lavretis Lauvrentiadis, and several other large stake holders sold their stakes at 19 euros per share.

Sources have recently told Thomson Financial that this transaction would occur shortly on the Athens Stock Exchange and Carlyle is likely to launch a public offer for the remaining shares and de-list the company.

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