He was placed in the shipping industry after his divestment from the real estate market Papaleka Group. The investor, who has come to be known as “Mr. Nammos”due to the purchase of the center of the same name in Mykonos, proceeded to acquire 18% of the share capital of the shipping company Capital Product Partners, of the interests of Mr. Evangelos Marinakis. This is an agreement worth 160 million dollars (145.6 million euros), as the Yoda Groupof the interests of Mr. Papalekas, will acquire 10 million shares for 16 euros each.
The Papalekas group had recently divested into the Greek real estate market. Among other things, he agreed to sell its 55% stake in Mediterranean Hospitality Venture (MHV)an investment “vehicle” that had been set up in collaboration with Prodea Investments and its parent company Invel of Mr. Th. Papachristophoros. The value of the deal to sell 55% of MHV is estimated to be around €250 million. The buyer will be Prodea Investments, which will increase its stake in MHV to 80%. The company in question has created a portfolio of tourist properties in Greece and Cyprus, totaling 600 million euros.
At the same time, the Yoda Group proceeded with the sale of the historical headquarters of the Athens Stock Exchange, at Sophocles 10in the National Bank group.
Information indicates that the National Bank bought the specific property for the sum of 67 million euros.
Capital Product Partners is on a transformational trajectory, from a container ship management company to a LNG carrier (LNG), as a few weeks ago it completed a €3 billion deal to acquire 11 LNG vessels under construction at Hyundai’s shipyards in Japan.
At the same time, in the coming months it will proceed with the gradual sale of the fleet of container ships.
