Bid for €800 million worth of Piraeus Bank properties

Investment firms Bain Capital and Brook Lane Capital have submitted a binding joint offer for a large portfolio of properties owned by Piraeus Bank. When concluded, the sale, which includes 2,500 properties worth an estimated €800 million, 1,600 of them repossessions from delinquent debtors, will be the largest property deal in the Greek market. It is not yet known whether there are other binding bids; one firm is known to have dropped out.