Announcement 05.10.2007

The company IKTINOS HELLAS SA in the frame of directly activation to the wind energy sector bought the 100% of the share capital of the company IDEI SA. This company holds production and installation permission for the wind farm of nominal power of 19.80 MW at the area ‘’Megalovouni’’ in the Municipality of Nikiforos, Drama, as well as production permission for wind farm of nominal power of 8,00 MW at the area ‘’Sinora’’ in the Municipality of Nikiforos, Drama.The price come up to euro 1.650.000 and will be paid after the completion of due diligent, as well as the completion of the transference of the relevant permissions. With the above purchase contract the Group enters dynamically into the Renewable Energy Sector, and specifically in the Wind Energy through the above company. The materialization of the wind park of 19,80 MW will be fulfilled in the direct future given that already has the installation permission . The company has signed exclusive cooperation for three years with specialized technical consultant, for the methodical recovery and valuation of candidate areas for the development of the wind farms, for researching and valuation of business proposals for participation in the wind energy projects, for the study and planning of big projects in three years basis of total nominal power of 150 MW – 200 MW. IKTINOS Group, is activated in the marble sector, which are the traditional activity of the Group, through the parent company IKTINOS HELLAS SA and through the subsidiaries companies FEIDIAS HELLAS SA (controlled by 90,0%) and VIS LAPIS LTD (controlled by 99,7%). In the real estate sector, the Group operates through the Cyprus-based company LATIRUS ENTERPRISES LTD, in which the Group participates with 20,344%. The company LATIRUS ENTERPRISES LTD holds 96,045% of the share capital of IKTINOS TECHNICAL & TOURIST S.A., which develop the project at Ormos Faneromeni location, in the Municipality of Sitia, Crete, for the construction of a tourist resort with capacity of 700 beds, a conference center with a capacity of 500 persons, a thalassotherapy center with a capacity of 100 persons, a harbor with a capacity of 85 tourist boats and two housing estates.


Group of Companies

Athens Headquarters:
7 Likovrissis Str.,
PC 14452, Metamorfossis,
Athens – GREECE

Tel: +30 210 2826825
Fax: +30 210 2856342


Iktinos Hellas SA - Investors Relations