Fourlis Group sells its 50% stake in Sofia South Ring Mall for €49.35 million

Fourlis Group announced that its Cypriot subsidiary Wyldes Ltd will sell the indirect 50 % participation it holds in Sofia South Ring Mall EAD, the operator of one of Bulgaria’s largest shopping centres, to Trade Estates Cyprus SSRM Ltd, a subsidiary of Trade Estates AEEAP. The transaction, valued at €49.35 million, has been approved by Fourlis’s Board of Directors in accordance with Greek law on related‑party transactions.

The sale is presented as a strategic move to focus on the Group’s core retail operations, reduce net borrowing and strengthen financial flexibility for further investments in its Southeast European retail activities. Chief Executive Giannis Vasilakos said the deal is “fully aligned with Fourlis’s strategic direction and will enable us to lower net debt while supporting the development of our leading retail brands.”