Eurobank disposes off 20% stake in Grivalia
Eurobank disposes off 20% stake in Grivalia
  REIC

Eurobank disposes off 20% stake in Grivalia

HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm as Joint Global Coordinators and Joint Bookrunners for the Placement.
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RE+D magazine
03.07.2017

Eurobank Ergasias S.A.(“Eurobank”)has successfully placed 20,252,001 ordinary shares in GRIVALIA PROPERTIES Real Estate Investments Company S.A.(“Grivalia Properties”),

 

representing approximately  20%  of  the  share  capitalof the Company and Eurobank’s entire stake  in  the  Company, via  an  institutional  private  placement by  way  of  an  accelerated bookbuild  offering to institutional investors, at a price of €8.80 per share (the “Placement”).

Fairfax’s subsidiaries have been allocated 10,000,000 shares of Grivalia Properties in the Placement  and,  consequently,  following  completion  of  the  Placement,  the  voting  rights  in Grivalia Properties controlled by Fairfax will increase to approximately 51.4%.

Various funds, whose investment  manager  is  Pacific  Investment  Management  Company  LLC,  have been allocated 5,065,000 shares in the Placement. HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm as Joint Global Coordinators and Joint Bookrunners (the “Bookrunners”) for the Placement.