Invel

The annual general meeting of NBG Pangaea approved the real estate investment company's share capital increase on Wednesday, authorizing the board to complete it in the next 10 months.
Sources say the management's intention is to reach an advanced point in the procedure by the end of the year or in the first months of 2020.

National Bank expects to collect about 400 million euros from the upcoming sale of a 32.6 percent stake in NBG Pangaea Real Estate Investment Company.

The completion of Invel's acquisition of National Bank's stake in NBG Pangaea Real Estate Investment Company is now just a matter of time, based on the agreement signed in late 2013 and amended in August 2015.