Date

26/04/2014

Info

"BlackSummit Financial Group announces its participation in the share capital of the Q&R information technology company, by acquiring 2,996,800 shares from Eurobank, in accordance with the procedure of Law 3301/2004. Considering the company's growth prospects in the international market, Lovatia's involvement in the company, the achievement of specific milestones such as profitability and sales, the American experience of similar turn around stories in the technology sector, and the innovative mobile platform it developed with its own resources and managed to contract with major telecom operators, we considered it the appropriate time to proceed with this investment, the group states. BlackSummit Financial Group, as a wealth and asset management firm, expands its activities beyond its European base in Luxembourg, to countries in the Mediterranean region that show strong recovery prospects, and achieves further involvement in the corporate finance sector with selective funding in healthy and rapidly growing companies in these countries"