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New Deal


Announced

Piraeus Bank to acquire a controlling stake in Trastor from Värde Partners for $133m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For52%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Domestic

Acquisition

Single Bidder

Private Equity

real estate

Friendly

Greece

Real Estate Services

Private

Majority

Synopsis

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Piraeus Bank, a financial services company, agreed to acquire a controlling stake in Trastor, a real estate investment company, from Värde Partners, an alternative investment adviser, for $133m. “This transaction will instantly enhance our fee revenue profile and further grow our know how around the vibrant and rapidly growing real estate sector. Trastor is one of the top-performing real estate platforms in South Eastern Europe and will constitute an investment tool for Piraeus Group to capture the extensive upside that the Greek market provides. This is yet another value booster for our shareholders, in our journey to create the best-in-class bank in Greece,” Christos Megalou, Piraeus Bank CEO.

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