Economy

The firms will acquire Stellantisà Greek Distribution Subsidiary of Abarth, Alfa Romeo, Fiat, Fiat Professional and Jeep brands in Greece.
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Spyridakos Group IKE s expected to acquire building facilities and hotel equipment though a €1.127 million total investment.

The transaction is considered to be in line with Piraeus general strategy to reduce costs and exploit its assets and is estimated to result reducing its operating costs c.€5 million annually.

According to the figures to date a cumulative amount of more than €4.72 million that have been allocated.

While the S&P 500 slid 21% year to date, REITs plunged 30%, per the MSCI US REIT Index. CNBC reports