J&P AVAX SA acquires 15% of Moreas SA

The construction firm J&P Avax SA announced in the Athens Stock Exchange on Monday that it has acquired a 15 percent share of Moreas SA (which holds the concession to exploit the Corinth-Tripoli-Kalamata and the Klados Lefktro-Sparti highways). The company also gained a share in the consortium that has the contract to construct the highway.

The total cost of acquiring the above shares was 25.6 million euro.

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