Business Weekly - Cambridge, UK

The consideration has been calculated in accordance with the formula agreed at the time DSGi acquired a controlling interest in Kotsovolos, in September 2004 and takes the group’s total interest in the firm to 89 per cent of the issued share capital.

Under the terms of the original acquisition agreement, Fourlis retained a 20 per cent interest in Kotsovolos, which falls to 10 per cent following this transaction.

Fourlis has the right to sell its remaining interest to the group from September 2008 and the group has the right to acquire any outstanding interest held by Fourlis from September 2009.