Greece Names Lamda Development Preferred Investor for Hellinikon SA

Greece Names Lamda Development Preferred Investor for Hellinikon SA

The Hellenic Republic Asset Development Fund named Lamda Development SA as preferred investor for the acquisition of 100% of the shares of Hellinikon SA (Elliniko), the Athens News Agency-Macedonian Press Agency reported.
The fund's financial advisors, Citigroup and Piraeus Bank, submitted two separate positive fairness opinions on Lamda Development's 915 million euro offer, the news agency said.
Lamda Development's investment plan envisages the development of house zones, hotels, shopping malls, theme parks, art and culture museums, open cultural spaces, health and life centers, sport and leisure facilities, creating a modern business, education, research hub and upgrading an existing marina and the beachfront.

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