Latest privatization success on Thur., with iconic Asteras Vouliagmeni resort management sold to int'l consortium
The sale of 90 percent of the iconic Asteras resort, southeast of Athens, was completed on Thursday, with an international consortium paying just more than 393 million euros for the partially state-owned company that commercially exploits the choice site.
According to a press released by the Hellenic Republic Asset Development Fund, the state’s privatization arm, Apollo Investment Holdco paid 393.15 million euros to acquire the majority stake of Astir Palace Vouliagmenis SA.
The agreement was signed by the privatization fund, the National Bank of Greece, a major stakeholder of the company, and the strategic investor.
“The positive conclusion of the Asteras acquisition is not only a significant investment agreement, but an excellent example of beneficial and productive cooperation between all public institutions and the private sector in order to pave the way for the country’s development,” HRADF chairman Stergios Pitsiorlas said after the conclusion of the agreement.
