Within the framework of the L. 3340/2005, the 3/347/12-07-2005 decision of the Hellenic Capital Market Commission and the article 276 of Athens Stock Exchange Regulation, Kleemann Hellas S.A. announces that on 18/03/2008 a contract has been signed, concerning the transfer of social parts, according to which the Company acquired from Mr. Angelos Palmos the second social part of the subsidiary "Kleemann Lift Ro S.r.l." which is established in Bucharest of Romania. The second social part is consisted of 6.000 social parts with a nominal value of 5 euro each, representing 30% of the total social capital. The total value of the transfer amounted at euro 30.000,00.
According to the above, the participation of KLEEMANN to its subsidiary "Kleemann Lift Ro" amounted at 100%. The management of KLEEMANN proceed to the election of new administrator of Kleemann Lift Ro, to the acquisition of new technician and managerial personnel, as well as to the relocation of its headquarter to bigger premises.
The main scope, concerning the specific business act of the Group of KLEEMANN, is to maximize the development of its subsidiary as well as to enhance its presence in the Romanian market.