Eurobank acquired Grivalia Properties from Fairfax for €1bn.

Eurobank, Greece’s third-largest lender, acquired Grivalia Properties, a publicly traded real estate company, from Fairfax Financial, a financial holding company, for €1bn. The merger creates the best capitalized bank in Greece, with total capital ratio at 19%, ready to serve its clients, return to growth and support economic activity in Greece and southeastern Europe.