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22ndannualcapital

Alpha Bank to sell Athens Hilton hotel

Alpha Bank on Wednesday announced the launch of a procedure to sell a majority stake (around 97.3 pct) in the equity capital of Ionian Hotel Enterprises SA, owner and manager of Hilton Athens hotel.

In an announcement, Alpha Bank said the procedure aimed at attracting high-level investors to establish the hotel as a benchmark in hotel services internationally. Citigroup Global Markets Ltd acts as exclusive financial adviser to the procedure. Investors will be able to express their interest by Friday, 11 March 2016.