No Astir bookings after November 10

9 July 2016
982 Views

The sale transaction for the Astir Palace resort at Vouliagmeni, southern Attica, will have been completed by September, and a general meeting of the company set to take over decided that no bookings will be accepted beyond November 10 so that it can implement its refurbishment program after that date.

The extraordinary general meeting that took place on Friday also decided to approve the increase of the company’s share capital by 51.7 million euros through the sale of common shares that state sell-off fund TAIPED will acquire. After the completion of the capital increase, the stake of main shareholder National Bank in Astir Palace will drop from 85.4 to 67.2 percent, while TAIPED will obtain a 21.3 percent stake on the hotel company.

After that the stakes of National and TAIPED will be transferred to Apollo Investment HoldCo, a subsidiary of tender winner Jermyn Street Real Estate Fund IV. Of the sum of 400 million euros the buyer will pay, two-thirds will go to National Ban and the rest to TAIPED.

It should be noted that the suspension of the booking system’s operation does not necessarily mean that the entire hotel complex will also shut down.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares18 views
GREECE
shares18 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares31 views
FINANCE
shares31 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares23 views
FINANCE
shares23 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.