CPI takes more of Globalworth

Due to a previous purchase of Globalworth shares CPI has now a 16.8 pct stake in the company and with the most recent deal it has also gained the right to make nominations to the board. Zakiono also has options, which if exercised would result in the purchase of a further 2,830,020 shares. Zakiono was owned by Ioannis Papalekas, the founder and CEO of Globalworth, who with the sale has now disposed of all his shares in Globalworth. He will remain in the company in a senior advisory position for the near future.

“We are pleased to have acquired Zakiono from Mr. Papalekas, which enables CPI PG to build a more meaningful stake in Globalworth,” said Martin Nemecek, CEO of CPI PG, and adds: “As a major shareholder CPI PG intends to collaboratively support Globalworth’s future growth and operations.”

Additionally, it has been announced that Dimitris Raptis, the deputy CEO of Globalworth sold 508,792 Globalworth shares at a price of EUR 9.70, while a pension fund for which he is the sole beneficiary also sold 50,848 shares. He maintains a beneficial interest of 732,070 ordinary shares, equivalent to a 0.33 pct stake in the company.

CPI claims that it does not wish to launch a takeover bid for Globalworth.