Eurobank announces acquisition of Grivalia Properties

Eurobank, Greece’s third-largest lender, has announced the acquisition Grivalia Properties REIC. Grivalia Properties is the leading Greek Real Estate Investment Company (REIC) and amongst the 15 largest companies in the Athens Stock Exchange. Grivalia is currently owned by Canadian investment company Fairfax Financial Holdings, through a 51.4% ownership stake. Fairfax also owns 17% of Eurobank. Grivalia specialises in leasing investment properties, with a focus on corporate clients. Key segments include offices, logistics parks, retail outlets, mixed use and special use property portfolios. Grivalia’s portfolio includes 26 office properties, 30 retail / commercial properties, four Industrial