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The acquisition price amounted to €28.6 million and was funded by a combination of bank debt to “THE GRID SA” from Piraeus Bank and equity.
Belterra purchased on 6.12.2021 the number of 299.855 shares of the Company, with acquisition price € 26 per share.
In total, during the 11 months of the year (January-November 2021) the net sales of the parent company - excluding intragroup sales - were increased by approximately +14% y-o-y.
The Ellinikon Commercial Hub has been designed by the internationally acclaimed architectural firm Aedas, based in Hong Kong, which has led significant projects around the world.
Together with the existing locations in Stockholm, Tallin and New York, these will form the world's largest private art museum.