Announcement [16.12.2016]

'Ionian Hotel Enterprises S.A.' (hereinafter 'IHE') announces that it has been informed by Alpha Bank A.E. (hereinafter 'Alpha Bank' or the 'Bank'), by way of a letter dated 16.12.2016, of the following:

'Alpha Bank hereby informs IHE that, following receipt of the approval by the Hellenic Competition Commission on 29.11.2016, the Bank concluded successfully the sale and transfer of its approximately 97.3% stake in the share capital of IHE against a consideration of Euro 76.1 million or Euro 5.83 per share'.

The purchaser is Home Holdings S.A., a company owned by 'Tourism Enterprises of Messinia S.A.' and 'D-Marine Investments Holdings B.V.'.

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Ionian Hotel Enterprises SA published this content on 16 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 December 2016 18:23:02 UTC.

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