INVEL ACQUISITION OF NBG PANGAEA REIC

Papapolitis & Papapolitis advised Invel Real Estate (Invel), on the completion of Invel’s acquisition of a 32.7% stake in NBG Pangaea REIC (“Pangaea”) for a consideration of €390 million, from the National Bank of Greece (“NBG”), in one of the largest M&A and real-estate transactions to take place in Greece.  The P&P team also advised Invel on the debt financing it received from Piraeus Bank, the European Bank for Reconstruction and Development (EBRD), Astro Bank and Hellenic Bank.