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The Athens Stock Exchange is maintaining its position near the 2,500-point level, driven by a rotation among buyers. This period also marks the debut of Attica Department Stores on the market.
Attica Department Stores is preparing for a new phase with a public offering and listing on Euronext Athens starting June 24, aiming to expand the Greek stock market's footprint.
Attica department stores are investing millions in new stores, VIP rooms, and exclusive fashion and beauty brands, with expansions planned until 2030 in Athens and Thessaloniki, aiming to transform shopping into a luxury experience and tourist destination.
The public offering for Attica Department Stores, a member of IDEAL Holdings, to be listed on Euronext Athens, was successfully completed today, attracting significant investor interest and raising €212 million.
Attica department stores are presented as a premier destination for high perfumery enthusiasts, showcasing highly anticipated new releases and iconic creations that have garnered a global following.
Attica Department Stores are making strategic moves to strengthen their premium retail position, including a planned listing on the Athens Stock Exchange. Ideal Holdings will divest up to 29.9% of its shares in Attica as part of this process.
The IPO of Attica Department Stores, led by Lambros Papakonstantinou of Ideal, is expected to bring retail back into focus on the stock exchange.
The Athens Stock Exchange has approved the prospectus for Attica Department Stores, allowing for a public offering of existing shares and their initial listing for trading.