Akkadia Holdings Limited on Tuesday announced the sale of its well-known Athens-based Euroclinic Group to insurance provider Generali Hellas.

The insurance company will purchase all of the shares of the healthcare group, whose flagship is the Euroclinic Hospital. No financial details were announced.

According to the announcement, the agreement with Generali Hellas is the next natural step for Euroclinic, providing access to international expertise, resources and strategic support, while ensuring the continuation of the company’s open operating model with the cooperation of all insurance providers.

Akkadia Holdings, Euroclinic Group’s primary shareholder since 2020, added that the transaction and consideration are subject to all necessary regulatory and legal approvals.

Saplegal – A.S. Papadimitriou & Partners acted as Akkadia Holdings Limited’s legal adviser in the transaction.