The transfer ownership of the property is effective immediately.

A preliminary lease agreement for 20 years closed period has been signed.

The combined bank, in which Eurobank holds 70%, with a strong capital and liquidity position and a market share of 6.5% in customer loans, becomes the seventh largest in Serbia.

This brings the total value of assets acquired since the start of the year up to c. €1.3 billion.

The Board of Directors of HRADF will soon convene to ratify the e-Auction process result.

The parties aim to close the Transaction by Q2 2022.

This is the first investment of Premia Properties, in the sector of serviced apartments, under the strategic framework agreement with Dimand S.A.

The consideration has been agreed at €55 million representing a 0.74x P/BV multiple.

Sources familiar with the ongoing negotiations cited by local news agency unveil that the deal would be Romania's largest upon completion.