Lamda Development: Olympia group and VNK Capital acquire 12.8% of Lamda

Friday, December 22nd, 2017
Last Update: 10:36

The Olympia group and VNK Capital, via their joint investment vehicle, Voxcove Holdings, acquired yesterday a 12.8% stake in Lamda Development.

The stake was sold by GSO, a US fund operates under the umbrella of private equity giant Blackstone, which had exceeded the time limit for holding this stake.

The price agreed came to EUR 5.40/share, that is at a discount of 16.7% on Lamda stock’s closing price (EUR 6.48) at the Greek bourse yesterday. Total value of the transaction stood at EUR 55.1mn.

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