NAT. BANK OF GREECE SA

PRESS RELEASE-Four binding offers for Astir Palace Vouliagmenis S.A. submitted by Greek and international investors

NATIONAL BANK OF GREECE

 

Athens,November 26, 2013

PRESS RELEASE

 

Four binding offers for Astir Palace Vouliagmenis S.A.

submitted by Greek and international investors

 

National Bank of Greece S.A. (‘NBG') announces that earlier today four (4) binding offers were submitted for the acquisition of a majority participation in the share capital of Astir Palace Vouliagmeni S.A.

The investment groups that submitted binding offers are:

 

  • A consortium of COLONY CAPITAL ACQUISITIONS LLC και DOLPHIN CAPITAL INVESTORS LTD
  • JERMYN STREET REAL ESTATE FUND IV LP, a fund managed by AGC JERMYN STREET IV and supported by six (6) more investors
  • LAMDA ERGA ANAPTYXISS.A.                  
  • PLEPI HOLDINGS LTD, an investment entity ultimately controlled by members of the Constantakopoulos and Olayan families                 

 

NBG will decide, together with HRADF, on the validity of the offers of the candidates, taking into account the recommendation of their legal advisors, and will subsequently proceed to the opening of the financial offers.