Logicom Services Ltd, a wholly owned subsidiary of Logicom Public Limited, has announced a public offer to acquire all outstanding shares of Demetra Investments.
However, analysts have cast doubt on whether this offer will be accepted, primarily due to a mismatch in valuation.
The public offer, officially launched on January 17, was triggered by Logicom’s acquisition of 17,152,353 Demetra shares from Eurobank , representing 8.576 per cent of Demetra’s issued
