The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday.

In a statement issued by Ermes today, following its previous announcement on January 31, 2025, the company informed shareholders and the investment community that the transaction for the disposal of its stake in Superhome Centre (DIY) Limited has been successfully completed.

According to the details outlined in the earlier announcement, the sale of 100 per cent of Superhome’s share capital to Vasilitsi DIY Ltd was concluded for a total sum of €94 million.

Ermes received €39.4 million for its 51 per cent stake in the company.

The proceeds from the sale will be used to repay bank loans and other financial obligations amounting to €33.6 million, both for Ermes and other companies within the CTC Group, to which it belongs.

The transaction also included the simultaneous disposal of the remaining 49 per cent stake in Superhome, previously held by the Dutch-registered company Secora BV.