ECONOMY

Porto Carras resort sale imminent

porto-carras-resort-sale-imminent

Technical Olympic, the owner of the Porto Carras resort, on Monday announced that financial details of the resort’s sale to Belterra Investments, owned by Greek-Russian businessman Ivan Savvidis, will become available at the end of September for an audit by an independent consultant.

The sale, provisionally agreed upon last April, is expected to be finalized in November for an estimated amount of €205-€210 million.