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| Mar. 15 | Piraeus Bank Sees Dividend Payment for First Time Since 2008 | MT |
| Mar. 06 | Greece's Piraeus bank offering set at 4 euros per share, sources say | RE |
ATHENS (Reuters) - Piraeus Bank has agreed with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for about 98 million euros ($111.04 million), the bank said on Friday.
Under the agreement, Piraeus, which now holds a 45% stake in Trastor, will acquire an additional stake of 52% in Trastor, it said.
Once concluded, the transaction will trigger a mandatory tender offer by Piraeus to buy the remaining 3% stake in Trastor.
Piraeus Bank CEO Christos Megalou said that the transaction would instantly enhance the bank's fee revenue profile and further bolster its real estate sector know-how.
($1 = 0.8825 euros)
(Reporting by Angeliki Koutantou; editing by Jason Neely)
| 1st Jan change | Capi. | |
|---|---|---|
| +22.53% | 5.24B | |
| +12.59% | 298B | |
| +9.42% | 251B | |
| +21.76% | 210B | |
| +17.11% | 173B | |
| +7.53% | 163B | |
| +4.15% | 154B | |
| -11.37% | 138B | |
| -0.39% | 138B | |
| +0.97% | 125B |
PIRAEUS FINANCIAL HOLDINGS S.A. 
