Announced
Financials
Sources
Tags
Acquisition
Public
Friendly
Pending
Merger
real estate
Real Estate Holding and Development
Private Equity
Greece
Synopsis
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.
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