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Kipriotis Group loans up for sale again

Piraeus Bank and Eurobank are preparing to launch a new tender for the sale of the Kipriotis group loans.

The mandate will be given to Axia Ventures, which was a sales consultant also in the previous tender. The previous tender was unsuccessful went as it had to overcome many obstacles (bankruptcy of Thomas Cook, departure of interested investors and pandemic).

HIG Capital, which reportedly made the best bid, withdrew its interest after the pandemic broke out.

The banks decided to sell the loans after the hotel group failed to make a special loan management arrangement.

Original Source: Euro2day.gr

Adaptation/Summary: Kiki Athanasiadis

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