Long before he began to deal intensively with Greece, Mr. Aristides Halikias he managed to build a strong “name” in the ranks of the Greek diaspora in the USA.
For several years he was its president and main shareholder Republic Bank of Chicago (RBC), which currently manages US$2.6 billion in assets and controls US$2.25 billion in deposits, making it the 22nd largest bank in the state of Illinois.
Stock Exchange – Listed: More than 7.8 billion euros of funds “rained” in the last 2 years
At the same time, based again in Chicago, he has been “running” since 1994 and the company real estate Intercontinental Real Estate and Development Corporation.
Presence in Greece
THE 2011however, he decides to come to Greece, establishing Intercontinental International (HERE), in the standards of the successful American company.
Despite the deep financial crisis, the recently created ICI “resisted” the shocks and in 2017 entered the Athens Stock Exchange, taking as a basic dowry a large real estate portfolio from the former Emporiki Bank.
“Fast forward” a few years later: the need for new funds, but also the expatriate businessman’s desire to restructure the portfolio in Greece brings to light the mega business with her BriQ from Grupo Fessa, who comes to “get married” two medium-sized real estate companieswith the aim of creating a new strength in the sector.
What does the agreement offer?
Before the current agreement, Aristides Halikias controlled approximately 78% of Intercontinental shares.
While a) h sale of 17 properties, as well as b) h 27% transfer of BriQ shares for 60 and 9.3 million euros respectively (almost 70 million euros in total), the experienced businessman is preparing for the third and final step of the “gold bearing” agreement, which provides for the total absorption of ICI by BriQ.
He will receive 1,194 new BriQ shares for each share he still holds in Intercontinental (51.76%).
“Rich” liquidity
This means that on the updated and larger BriQ, which will be worth approx. 95 million euros (from 71 million euros today) the expatriate entrepreneur will controls around 14.5% of share capital.
This reflects a value exceeding 13.5 million euros for Aristidis Halikias, let us not forget that he obtained significant liquidity both with the sale of the 17 properties (followed by a generous return of capital), and with the recent sale of 27% of BriQ shares.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any share)