Israeli Diamond Billionaire to Gain Stake in Greek Real Estate

Banking source say Beny Steinmetz’s BGS Real Estate is taking part in the acquisition of Pangaia, the National Bank of Greece’s real estate arm.

Private equity firm Invel Real Estate, together with Israeli businessman Beny Steinmetz’s BGS Real Estate and other investors, is close to buying a majority stake in Greek real estate company Pangaia, two bankers close to the deal told Reuters.