The agreed Enterprise Value (EV) of the Transaction has been set at €307 million for 100% of Alpha Bank’s MA Business.
Titan reports that higher volumes across all group markets support solid revenue growth and resilient profitability
A great part of the projects is expected to be auctioned in November, with the aim of awarding the contracts in the first quarter of 2022.
The 73,291 new shares issued represent approximately 0.05% of the shares that are listed for trading on the Athens Exchange.
The Transaction is part of the wider Sunrise transformation programme of Piraeus, announced on 16 March 2021, and follows the successful closing of the €7.2billion Sunrise I securitization.
More than 70% of the 6.2 million sqm area, will be covered with green parks, lakes, gardens, common and outdoor activity areas.