Libra Group

Aria Hotels, the Greek hospitality subsidiary of the Libra Group, with over 70 units, announced on Wednesday it is also entering the Colombian market in its first expansion abroad.

Aria will use its knowhow to transform two properties into luxury hotels, one of them to be named Aria Maria.

“We have a tangible plan, with 10 aircraft, and we hope that once the licensing procedures, which are already being finalised at the European level, are finalised, we will put the plan into action.”

Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion over several years to focus on innovation and sustainability as new drivers of growth, the company's executive chairman said.

Electric vertical take-off and landing aircraft (eVTOLs) will fly in the coming years between major tourism destinations in Greece - at least this is the goal of a large investment for the development of the relevant infrastructure, which the Libra Group is starting to implement through hospitality subsidiary Aria Hotels.

EuroEnergy, an Athens-based renewable energy subsidiary of Libra Group with assets and operations in the European Union, has announced that it will acquire a 114-megawatt wind energy development in Udbina, Croatia.

The new head of Spain's Banco Popular, Emilio Saracho, is in talks to sell the lender's property portfolio and also a stake to Libra Group, online newspaper El Confidencial reported on Tuesday.

The talks with the Greek conglomerate, which has its origins in shipping, are at an advanced stage, the paper said, citing unidentified sources close to the bank.

Greek businessmen are making a fortune in London real estate, industry, new technology and all matter of industry. The Greek crisis has done little to curb the wealth of traditionally wealthy Greek dynasties who have merely transfered their business interest abroad.

George Logothetis

Global conglomerate Libra Group, with origins in Greek shipping, is pressing ahead with its $500 million investments in Greece despite the country’s political turmoil, its chief executive said.

Libra, with headquarters in London and New York, has invested in various projects in Greece, including developing hotels and putting $200 million into renewable energy projects.