Globalworth Posts EUR70M Profit In 1Q After Acquiring Realty Assets At Prices Below Valuation

08.03.2014 By Ecaterina Craciun

Globalworth Real Estate Investments, founded and owned by Greek businessman Ioannis Papalekas, reported profit before tax of around EUR70 million in the first quarter of 2014, after acquiring several realty assets from firms in which Papalekas used to hold shares, at prices below valuation.

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