ECONOMY

Varde Partners to buy 31.7 pct stake in Lamda Malls

Varde Partners to buy 31.7 pct stake in Lamda Malls

Athens-listed Lamda Development said on Monday that global alternative investment firm Varde Partners will acquire 31.7 percent of Lamda Malls for 61.3 million euros.

Lamda Malls owns two Greek shopping malls.

Varde is keen to support expansion of Lamda Malls via acquisitions and new commercial developments.

[Reuters]

Business
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