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LAMDA DEVELOPMENT S.A., in accordance with Regulation 596/2014/EU and the Athens Exchange Regulation, each as applicable, announced that its 100% subsidiary, LOV S.M.S.A., acquired on 05.08.2022, 100% of the company McArthurGlen Hellas Single Member LLC, owner of the McArthurGlen Designer Outlet Athens in Spata, in the Attica prefecture, from the company MGE Hellenic Investments S.àr.l.
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The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF), announced the three binding offers for the acquisition of a majority stake of 67% in the share capital of the Igoumenitsa Port Authority S.A.
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Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates
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The Greek hyper fund to review and evaluate the real estate properties comprised in its portfolio in order to determine the assets that are considered to be mature from technical, legal and commercial perspective, and proceed with formulating strategies and exploiting alternative commercial development and investment possibilities.
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Autohellas has (August 1, 2022) entered into a binding agreement for the acquisition of 85.60% (plus 4.4% Treasury Shares, totalling 90%) of the share capital of Portuguese company HR Aluguer de Automóveis S.A. (HR Automóveis), the franchisee partner of Hertz International in Portugal, at a consideration of €31,500,000.
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With the help of the state, which will subsidize up to 75% of the income generated by this organization, the brave man who provides a solution to the housing problem of vulnerable households and by solving a fundamentally social issue, comes to complete the last part of the puzzle, which very carefully began three years ago by Giorgos Zavvos; leading all four systemic banks to join the asset protection program called "Hercules", without having the Greeks being invited to participate - once again - in their "rescue" taxpayer.
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After Nammos Limassol, the internationally renowned and award-winning LPM Restaurant & Bar is the latest addition to MHV Mediterranean Hospitality Venture Ltd, reinforcing the recognition of Parklane, a Luxury Collection Resort & Spa, Limassol as the ultimate gastronomic destination of Limassol.
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Sunlight Group Energy Storage Systems, technology company specializing in integrated and innovative industrial and off-road energy storage solutions, announced the acquisition of BMG Energy’s 22% share capital of Sunlight European Battery Assemby (SEBA) and Sunlight Italy.
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An investment funded by the National Recovery and Resilience Plan Greece 2.0 with the funding of the European Union – NextGenerationEU with the aim of promoting the sustainable development of the company.
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IPO momentum continued to slow from Q1 into Q2, resulting in a considerable decline in both deal numbers and proceeds.
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It is been estimated that, due to the war in Ukraine, almost eight out of ten Halkidiki real estate sales agreements, which were kept pending with Russian buyers, mainly due to the restrictions on the transfer of money to Europe.
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At the end of September, according to sources familiar with the matter, shall the deadline for submitting binding offers for the port of Alexandroupoli will be postponed. The deadline was initially set as of July 29.
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EFKA declared a public tender for the lease of a property based in Omonia in order to have the premises redeveloped into a 4 star hotel
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Frigoglass reached a definitive agreement with the co-insurance scheme that had taken over the insurance coverage regarding the fire incident that occurred at the company's commercial refrigerator factory in Romania for a total compensation of a net amount of 61.6 million euros related to material damages (compensation of 42 million . euros) and interruption of business activity (compensation of 19.6 million euros).
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Another important step is expected to be reached for the project of the regeneration of the "Athenian Riviera" which is financed by the resources of the Recovery Fund with beneficiary implementing bodies the Region of Attica and the HRADF and has a budget of approximately 25 million Euros.