Piraeus Bank will keep property assets in Bulgaria after sale

Piraeus Bank will keep property assets in Bulgaria after sale

Published at: 2019-02-27 10:13 | Author: CIJ Serbia
Piraeus Bank, which agreed to sell its Bulgarian operations to Eurobank Ergasias for €75m, is planning to keep some of its assets in the country once the sale is finalized later this year. The assets, including all properties as well as certain “equipment, agreements, employees and disputes,” will be transferred to the newly established Piraeus Real Estate. As of the end of 2018, Piraeus Bank was the 10th largest lender in Bulgaria in terms of assets.

Similar Stories:

IMF to open regional office in Vienna
The International Monetary Fund will open a regional office in Vienna to strengthen relati  »
Slovenian bus company Nomago expands in Europe
The Slovenian bus line Nomago will be expanding its InterCity service to seven new Europea  »
Tele2 sells Croatia operations to United Group
The Swedish company Tele2 AB has sold its Croatian business to United Group, with the tran  »
Representatives of Svoboda & Williams Met With a Delegation of the International Monetary Fund
In early May, representatives of the Svoboda & Williams real estate agency met with a  »
Is it a priority for you to strengthen your teams in all areas or do you think it’s bett   »
How was 2018 for you? Have you been able to take full advantage of these strong economic t   »
Why has it taken so long for development of the central western portion of Bucharest to be   »
Where do you see your company going over the next two years? We are staying true to the   »