Lampsa Hellenic Hotels SA (ATSE:LAMPS) made a tender offer to acquire the remaining 29.17% stake in Excelsior A.D. Beograd (BELEX:EXCL) for RSD 32.5 million on November 30, 2012. The offer price per share is RSD 1440 and the offer period is valid for 30 days, starting on December 11, 2012. The deal is subject to approval from the Serbian Securities Commission. As on December 10, 2012, the Serbian Capital Commission approved the tender offer.

Lampsa Hellenic Hotels SA (ATSE:LAMPS) completed the acquisition of an additional 9.5% stake in Excelsior A.D. Beograd (BELEX:EXCL) for RSD 10.6 million on January 9, 2013. Lampsa Hellenic Hotels acquired 7,347 shares of Excelsior and upon completion; it holds 80.33% stake in Excelsior.