Stademos Holdings Limited acquired an additional 21.1% stake in Stademos Hotels Plc (CSE:SHL) from Messrs Stavros Demosthenous, Anna Demosthenous, Demos Demosthenous and Zoe Demosthenous for €12.4 million on March 8, 2019. Stademos Holdings stake in Stademos Hotels increased to 70.24% from 49.1% and subsequently submit a mandatory takeover bid to acquire the remaining shares of Stademos Hotels. Stademos Holdings acquired 8.2 million shares at a price of €1.5 per share. Stademos Holdings Limited completed the acquisition of an additional 21.1% stake in Stademos Hotels Plc (CSE:SHL) from Messrs Stavros Demosthenous, Anna Demosthenous, Demos Demosthenous and Zoe Demosthenous on March 8, 2019.