The transaction will contribute EUR 62 million to the reduction of consolidated net debt as of 31 December 2024.

INTRAKAT announced a radical corporate transformation and rebranding into "AKTOR Group of Companies", as well as a €200 million public offering.

Repositioning of the hotel on the market with a horizon of 2026.

The project is ongoing and expected to be completed in November.

Before the end of the year the final decision.

The first phase will offer 247 homes for private sale, 360 build-to-rent properties, 135 affordable rent apartments and 193 for shared ownership.

HSBC had also vowed to streamline its businesses to “reduce the duplication of processes and decision making.”