Hellenic Healthcare Sàrl made an offer to acquire 97.2% stake in IASO General S.A. from IASO S.A. (ATSE:IASO) for €19.5 million on October 11, 2017. IASO S.A's Board of Directors initiated exclusive negotiations with purchaser on the basis of the offer, subject to the conditions precedent of the conclusion and the findings of the legal and financial due diligence of IASO General conducted by the purchaser, the agreement between IASO S.A. and the purchaser as regards the text of the share purchase agreement and other customary conditions precedent. Hellenic Healthcare S.À R.L. signed a share purchase agreement to acquire 97.2% stake in IASO General S.A. from IASO S.A. for €19.5 million on November 5, 2017. At the extraordinary general meeting of shareholders of IASO held on February 9, 2018, the general assembly confirmed, following the relevant recommendation of the Governing Council, that it is unqualified to approve the transaction. Nassos Zambaras and Dimitrios Iroidis of Rothschild & Co acted as financial advisor to IASO.  Nikos Papachristopoulos of Bernitsas Law acted as legal advisor for Hellenic Healthcare while Deloitte acted as accountant. Hellenic Healthcare Sàrl completed the acquisition of 97.2% stake in IASO General S.A. from IASO S.A. (ATSE:IASO) on April 5, 2018. The sale proceeds will be used for the impairment of bank lending.