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New Deal


Announced

Dimand and Premia Properties to acquire a 65% stake in real estate assets of Alpha Bank for $476.

Financials

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Transaction Value£392m
Consideration TypeCash
Capital Owned-
Capital Bid For65%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Greece

Real Estate Holding and Development

Domestic

Majority

Private

real estate portfolio

Friendly

Acquisition

Single Bidder

Synopsis

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Dimand, a real estate development company, and Premia Properties, a real estate investment and management company, agreed to acquire a 65% stake in real estate assets of Alpha Bank, a financial services company, for $476. "Alpha Bank Group will remain as tenant for certain assets, while the rest of the portfolio will either be redeveloped and repositioned for rental use or sold directly to the market," Alpha Bank.

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