EFG Eurobank Ergasias SA and Deutsche Bank AG purchased EUR63 million worth of properties from supermarket operator Carrefour Marinopoulos in Greece via a joint property venture.
The acquisition was made on a sale and leaseback basis. It involves 16 supermarkets located around Greece and operated by Carrefour Marinopoulos.
'The transaction represents the first structured sale and leaseback in the Greek real-estate market,' the companies said. Carrefour SA absorbed Greek Marinopoulos´ supermarket operating activities in 2000.
(source: Dow Jones Newswires)