Alpha Bank has sold part of a portfolio of real estate assets in Greece.
According to the White & Case law firm, which advised Alpha Bank on the partial disposal, the transaction involved creating a holding structure initially valued at nearly EUR 400 million, which was later adjusted – following sales to third parties and certain exclusions – to encompass 460 assets valued at nearly EUR 300 million that will remain minority-owned by Alpha Bank.
The White & Case team worked with lawyers from Karatzas Partners in advising Alpha Bank, while the Sullivan & Cromwell and Potamitis Vekris law firms reportedly advised the buyers.