Two investments funds based outside of Greece but with a presence
Two investments funds based outside of Greece but with a presence in the country are, according to reports, the buyers of a 3.2%-stake in Lamda Development, a pre-eminent property developer and commercial mall operator in the country.
According to a report in ot.gr, the three separate blocks of shares were sold off on Monday by Voxcove Holdings. In total, 5.75 million shares changed hands for a consideration of 39.1 million euros.
Sources told ot.gr that the transaction was achieved with a 3% discount, deemed as a reasonable rate given the size of the latter.
Sources also told ot.gr that the investment vehicle Voxcove will remain the second largest shareholder of Lamda Development, even after the 3.2% sell-off. Voxcove had first placed capital in Lamda shares at the end of 2017, acquiring a 13%-stake in the ATHEX-listed company.
Source: Tovima.com
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