National Pangaea and MIG Real Estate boards approve merger plan
The boards of National Pangaea and MIG Real Estate on Friday approved a merger plan envisaging the absorption of National Pangaea by MIG Real Estate.
In an announcement, the two companies said the merger will create 241,420,534 new shares, at an exchange rate of 1:1.334251532 for National Pangaea shareholders. The new company will have an equity capital of 766,483,602 euros, or 255,494,534 common nominal shares worth 3.0 euros each.
The new company will be listed in the Athens Stock Exchange.
