Its board of directors DCI (formerly Dolphin Capital Investors Limited) informs the company’s shareholders that the sale process of the project is underway, which in its full development will approach 420 million euros, according to relevant information from the London Stock Exchange, where it is listed.
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As noted, a memorandum of understanding has already been signed with a potential buyer for DCI’s stake in Kilada Hills, allowing it to proceed within 90 days to carry out appropriate due diligence so that it can then submit an acquisition offer. Peloponnese Project.
“The potential buyer has the knowledge and experience required to develop projects such as Kilada Country Club, Golf & Residences and intends to participate in the delivery of the first phase of the project, which includes the golf course of 18 holes and the country club,” mentioned in the corresponding announcement.
Without disclosing the potential price at which the transaction could be completed, nor the identity or profile of the potential buyer, DCI claims that the latter has the knowledge and experience in managing developments such as Kilada Country Club, Golf and residences, while participating in the realization. of the first phase of the development, namely the 18-hole golf course and country club.
It is worth noting that, based on the company’s available data, its stake in the Kilada Hills project, as it is popularly known, stands at 88%.