Following the anticipated Bally’s Intralot deal with Evoke, which was first revealed by BN, developments within the wider group of Kokkalis interests appear to be accelerating, creating new dynamics both for the market and Intracom’s share price. Attention is now shifting not only to corporate agreements that have already been finalized, but also to the management's next steps, which — according to sources — are being designed under total secrecy.
The Credia – Intracom deal boosts cash reserves
The agreement between Credia and Intracom for the sale of Europe Insurance is already considered of paramount importance, as it is estimated to boost Intracom’s cash reserves by approximately €18 million in the near future. Concurrently, the capital gains for the parent company Intracom may rise further, given that it will now hold a 3.43% stake in Credia Bank, strengthening its strategic position within the banking sector.
New mega deal in the pipeline
However, according to information obtained by BN, the maneuvers of Intracom's leadership do not stop here. Under the guidance of chairman Socrates Kokkalis, the management is reportedly already working on the next large-scale corporate transaction with utmost discretion. The same sources indicate that this new project is linked to the monetization of its subsidiary, Intracom Aviation, an enterprise that could acquire particular strategic weight in the coming period.
Divestment from Optima Bank
At the same time, over a more immediate horizon, the group is planning — always according to the same sources — to divest from Optima Bank through the sale of roughly 3.2 million shares. This specific move is estimated to yield a net profit in the region of €24 million, further reinforcing the group's overall liquidity.
Scenarios for a major capital return
Based on the structuring of these deals and additional inflows calculated to reach a total of €42 million, estimates regarding a substantial capital return to shareholders are already circulating in the market. Information from BN points toward a potential capital return close to €0.40 per share, without — as estimated — impacting Intracom's ongoing investment roadmap. Such a move could serve as a tangible reward for shareholders at a time when the company appears to be strengthening its financial position through consecutive business moves.
Critical general assembly on June 29
Viewed through this lens, Intracom’s upcoming general assembly on June 29 attracts exceptional interest, as it is expected to be decisive in updating shareholders on the management's next steps and the group’s strategic choices.
www.bankingnews.gr
Σχόλια αναγνωστών