Approval of the establishment of Noval Property as a Real Estate Investment Company (REIC) 



The enclosed information constitutes regulated information as defined in the Belgian law of 2nd August 2002 and the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. 


Viohalco announces that the establishment of Noval Property as Real Estate Investment Company (REIC) was approved on 15th October 2019. Noval Property was formed through the merger of Noval SA and Vet SA, in parallel and simultaneously with in kind contribution of properties from other entities affiliated to the merged companies. Noval Property owns a portfolio of 41 properties, mainly in Greece and to a lesser extent in Bulgaria that comprises shopping centres, office buildings, hotels etc. with a total built-up area of over 400,000 sq.m. 
Brussels, 16 October 2019
About Viohalco
Viohalco is the Belgium based holding company of a number of leading metal processing companies in Europe. It is listed on Euronext Brussels (VIO) and the Athens Stock Exchange (BIO). Viohalco’s subsidiaries specialise in the manufacture of aluminium, copper, cables, steel and steel pipes products, and are committed to the sustainable development of quality, innovative and valueadded products and solutions for a dynamic global client base. With production facilities in Greece, Bulgaria, Romania, Russia, North Macedonia, Turkey, the Netherlands and the United Kingdom, Viohalco companies collectively generate a consolidated annual revenue of EUR 4.4 billion. Viohalco’s portfolio includes a dedicated technology and R&D segment, as well as resource recovery services. In addition, Viohalco and its companies own real estate investment properties, mainly in Greece, which generate additional income through their commercial development. For more information, please visit our website at