Prodea to transfer Athens and Cortina hotels to MHV in share swap

The board of directors and shareholders of MHV Mediterranean Hospitality Venture PLC have unanimously approved a landmark framework subscription and contribution agreement with Prodea Real Estate Investment Company SA.

According to an announcement on Friday, the deal involves the issue and allotment of an additional 58,743,000 ordinary shares of nominal value €1.00 each to Prodea, a public listed company registered under the laws of Greece.

Prodea currently holds 120,198,020...