Investigation by the Capital Markets Commission for coordination in the acquisition of Intrakat after Capital.gr’s publications

According to information, the Capital Market Commission has sent a letter to the new main shareholders of Intrakat on whether there is coordination of actions between shipowners Baku – Kaimenakis and Gotsi – Angelos. The investigation was prompted after the topic was raised in the last few days with an article and report from Capital.gr.

According to information, the Capital Market Commission in its question to the new shareholders of Intrakat asks to know whether “cooperation agreements exist between the persons, natural and legal, who announced that they bought shares either among themselves or with the natural persons who control them or with Intracom, as well as whether they have joint investments, whether they are acting in concert under the public offer law or whether they had to make an announcement of a change in voting rights in the past.

As Capital.gr revealed yesterdaythe signings for the acquisition of 31.7% and 29.3% of Intrakat, by the two shipping twins respectively, took place last Tuesday, at the same time, in the same hotel and at the same price, despite claims to the contrary them that they do not act in concert.

However, the imminent formation of the company’s new Board of Directors also raises questions, as the new Gotsis – Angelou shareholders who control 29.3% are said to be left without representation. This development gives new fuel to the estimates of coordinated action by the four shipowners, which, if confirmed, make the submission of a public proposal a one-way street, as market circles argue that it should be done from the beginning.

It is emphasized that the submission of a public proposal for the acquisition of all the shares provided for by the legislation aims, among other things, to protect the small shareholders and the credibility of the capital market as it will enable all shareholders to sell their shares to the new main shareholders in special price.

Source: Capital

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