Gerardos family increases stake Plaisio retailer to 89.84%; intent to de-list from Athens bourse

The Gerardos family, which own a majority stake in tech and electronics retailer Plaisio, has increased its percentage of the Greece-based company’s share capital by 7.66 percent (roughly 1.689 million shares), following a buy-back offer executed on Friday.

The development came after co-CEO and founder Georgios Gerardos officially announced the buy-back offer a day earlier, with the intent to de-list the company from the Athens Stock Exchange (ATHEX).

The offered price was 4.58 euros per share, as announced a day earlier.

With the development, the Gerardos family increased its stake of the company to 89.84 percent.