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Ivan Savvidis 19.63% Shareholder of Mega Channel

Businessman Ivan Savvidis now holds a 19.63% share of the company “Teletypos” (Mega Channel), a percentage that until yesterday belonged to Pegasus Publishing and previous shareholder Foti Bobola.

This is a percentage that was used as collateral for Pegasus Publishing‘s bank loans — which is retaining its 13.09% in Teletypos. The transaction price is reportedly 5 million euros, of which 75% will be used to repay debts to banks and the remaining 25% for the payment of accruals to employees.

The transfer of shares was confirmed by announcements issued by Pegasus and Teletypos.

Source: greece.greekreporter.com