Grivalia Hospitality agreed to acquire 80% of Nafsika SA, lessee of Asteria Glyfadas

Thursday, August 17th, 2017
Last Update: 13:30

Grivalia announced that its subsidiary Grivalia Hospitality concluded a binding pre-agreement to acquire 80% of Nafsika S.A. for €17.2m. The latter holds the long-term lease of the Asteria property in Glyfada, owned by the Hellenic Public Properties Company (ETAD), where the hotel "Asteria" used to operate.

Additionally, Grivalia Hospitality has undertaken to repay €12.3m of existing obligations to a private lender, while an agreement for the deposit into custody of 80% of Nafsika S.A. shares in favour of Grivalia Hospitality was also concluded.

The final contract of the sale of shares is expected to be concluded at the beginning of 2018.

See Also:

Thank you for contacting Greece.com.

Thank you for your enquiry to Greece.com Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Greece.com Business page, CLICK HERE to create a Greece.com Account