Belterra Investments Ltd agreed to acquire Porto Carras S.A. from Technical Olympic S.A. (ATSE:OLYMP) for approximately €210 million on April 22, 2020. Belterra Investments completed a full due diligence investigation of Porto Carras. Cushman & Wakefield advised in the transaction. Non completion of sale of Porto Carras SA is due to amount of data that had to be collected and unfavorable conditions due to Pandemic. As on November 26, 2020, The completion of the transaction is expected to exceed three months.