The final agreement between state privatization fund TAIPED, the National Bank of Greece and the Apollo Investment Holdco for the sale of the Asteras complex in Vouliagmeni has been reached.

The majority of shares in the Asteras complex is currently owned by the National Bank, which will receive the lion’s share of the 393,152,844 euros. The Hellenic State will also receive a portion of the funds to be paid out.

The TAIPED president Stergios Pitsiorlas commented that the sale was important as aside from being an important investment opportunity, it also demonstrates how the public and private sectors can cooperate in an effort to encourage growth.