Update on Logicom's Acquisition Proposal for Demetra
January 20, 2025
Logicom Services Limited announced the acquisition of 100% of Demetra Holdings Plc, offering €1.55 per share. After purchasing 8.576% of Demetra's shares, Logicom is required to submit a mandatory public offer to all shareholders. The completion of the offer depends on obtaining the necessary approvals from the Cyprus Securities and Exchange Commission. Logicom is a wholly-owned subsidiary of Logicom Public Limited.