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Lampsa confirms intention to buy Eurobanks King George

Lampsa confirms intention to buy Eurobank’s (EURBr.AT – EUROB GA) “King George” Athens hotel for EUR43m
Confirming earlier press reports, Lampsa announced yesterday that it has exercised its right to match the best bid submitted in the related tender and acquire Eurobank’s “King George” Athens hotel for EUR43m: the deal is subject to approval by the bank’s board. Remember that management/operation of the “King George” hotel has been (since 2012) outsourced to Lampsa (the owner of the adjacent Grande Bretagne hotel in downtown Athens) for an annual payment of EUR0.7m.
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