Interwood completes €3 million property sale to finalize restructuring

Interwood – Ξυλεμπορία has completed the sale of a company-owned property for a total price of €3 million. This transaction marks the final major step in the company’s 2026 financial restructuring program.

Of the proceeds, €2 million will be used to reduce the company’s bank debt, while €1 million is allocated to a modernization and infrastructure upgrade program at its central facility in Elefsina.

As part of its broader restructuring efforts throughout 2026, Interwood has sold two properties totaling €8.2 million, significantly reduced its bank borrowing, and refinanced a substantial portion of its debt under improved terms. The company also strengthened its liquidity and capital base through a completed capital increase. Moving forward, the company aims to concentrate operations at the Elefsina site to improve operational efficiency and supply chain management.