National Bank of Greece to sell remaining stake in Pangaea for £333m

Athens, Greece

The National Bank of Greece has agreed to sell its remaining 32.7% stake in Greece’s largest real estate investment company Pangaea to European real estate investment firm Invel for €390m (£333m).

Invel, alongside nominated entity CL Hermes Opportunities, will acquire the 32.7% stake in Pangaea by 30th May 2019.

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