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Spyridakos Group IKE s expected to acquire building facilities and hotel equipment though a €1.127 million total investment.

The transaction is considered to be in line with Piraeus general strategy to reduce costs and exploit its assets and is estimated to result reducing its operating costs c.€5 million annually.

It has developed a new innovative software called Como App, to monitor construction/maintenance operations in terms of Quality, Health and Safety in the field.

The Concession Agreement between the State and V.P.A. S.A. has a duration of 60 years from its signing and expires in 2062.