HRADF announces that four investment entities have submitted binding offers for the acquisition of a majority participation in the share capital of Astir Palace Vouliagmeni S.A.
The investment groups are the following:
-A consortium of COLONY CAPITAL ACQUISITIONS LLC and DOLPHIN CAPITAL INVESTORS LTD
-JERMYN STREET REAL ESTATE FUND IV LP, a fund managed by AGC JERMYN STREET IV
-LAMDA ERGA ANAPTYXIS S.A.
-PLEPI HOLDINGS LTD, an investment entity ultimately controlled by members of the Constantakopoulos and Olayan families
The Board of Directors of HRADF and National Bank of Greece S.A., will decide during their next meetings on the validity of the offers of the candidates and the opening of the financial offers, taking into account the recommendation of their financial and legal advisors.
ASTIR PALACE VOULIAGMENI S.A. is a Greek Society Anonym that is a subsidiary of the National Bank of Greece S.A. Group and operates under the Law of Society Anonym. The Company derives from the divulsion of the main sector of ASTIR PALACE S.A., that is to say Group of Vouliagmenis, which dated at 31/12/1998. It now operates under the brand name ASTIR PALACE VOULIAGMENI S.A.