ASTY SA

One year after its closure, the Athens Ledra Hotel is passing into the hands of Sygrou 115 Hotel SA, a company controlled by US property investment firm Hines, for just over 33 million euros.

Following the departure of operating company Marriott Hotels, which had managed the unit for decades, the hotel on Syngrou Avenue shut down last year due to owner Asty SA's financial problems.

Pyrsos Security has shut down after 22 years in the private security sector, leaving without work some 800 employees who have also gone without pay for at least five months.

According to the Labor Ministry, the company stopped paying its creditors about a year ago, and owes 8.2 million euros in contributions to the Social Security Foundation (IKA).