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26 October, 2016

Completion of Sale of Astir Palace

The sale of the majority (90%) of the shares of Astir Palace Resort has been completed with the payment of the agreed consideration (EUR 400 million). The shares were sold by its parent company, National Bank of Greece S.A. (“NBG”), listed on the Athens Exchange, to Arab-Turk consortium Apollo Investment HoldCo–a subsidiary of Jermyn Street Real Estate Fund IV LP.

The firm acted as sole legal advisor to NBG on all aspects of the deal, including structuring of the transaction and drafting of all tender documents

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