Papapolitis & Papapolitis advised Invel Real Estate in relation to the mandatory tender offer (MTO) extended to all shareholders of Prodea Investments for a cash consideration of €7,50 per share.
The MTO acceptance period commenced on 21 November and ended on 18 December 2023 and resulted to Invel owning a shareholding participation 87,01% in Prodea REIC.
The National Bank of Greece acted as MTO advisor to offeror.