Piraeus said it agreed to sell its 33.8% stake in Trastor to Wert Red, a Luxembourg company wholly owned by Varde Partners which invests across a range of geographies and asset classes on behalf of private investment funds.
As part of the deal, Wert Red will participate in a rights issue by Trastor and the sale is expected to be concluded within the coming days, Piraeus Bank said.
Varde' executive, Mr. George Tingis, attended the 11th RED Business Working Dinner on May, 23.
