Deutsche Bank and EFG Eurobank Ergasias in property joint venture

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)

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