Fourlis Group said that its has agreed to sell to Latsco Hellenic Holdings, part of Latsco Family Office a 4.2% stake in Trade Estates REIC for a cash consideration of 8 million euros. 

 

 

Fourlis Group holds 83.9% of the remaining Trade Estates REIC share capital and Autohellas of Vassilakis Group holds 11.9%.

 

Recall, that Trade Estates REIC initial public offering and its listing on the Athens Stock Exchange is expected to take place within the next month.