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

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.