Suc­cess­ful cap­i­tal in­crease for Gri­valia Hos­pi­tal­ity

Kathimerini English - - Focus -

Athens-listed Gri­valia Prop­er­ties Real Es­tate In­vest­ment Com­pany an­nounced yes­ter­day its Gri­valia Hos­pi­tal­ity unit has suc­cess­fully raised 60 mil­lion eu­ros from Gri­valia Prop­er­ties and Euro­life ERG Life In­sur­ance Com­pany SA. This has taken the com­pany’s share cap­i­tal to 120 mil­lion eu­ros, di­vided into 120 mil­lion shares of one euro each. A quar­ter of that is owned by Gri­valia Prop­er­ties, 25 per­cent by Euro­life and 50 per­cent by a fund man­aged by Lux­em­bourg-based M&G In­vest­ments. “We look to grow this com­pany through se­lec­tive ac­qui­si­tions mainly in Greece, with a clear vi­sion to max­i­mize value for our share­hold­ers,” said

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