Eurobank Labor announced on Tuesday the acquisition of an additional 2,7% in Hellenic Bank, raising its total share to 12,6%.
The new move of Eurobank was made after the necessary supervisory approvals since its share in the second largest bank in Cyprus rises above 10%. In particular, it acquired a total of 11,19 million shares at a pre-agreed price of 80 cents.
Thus, Eurobank completes the acquisition of the share held by the Third Point fund (Third Point Hellenic Recovery Fund, LP) in Elliniki. It is recalled that last July Eurobank had acquired 9,9% and had concluded a share purchase agreement (SPA) with the Third Point Hellenic Recovery Fund, LP, for the acquisition of an additional 2,7%, subject to obtaining the relevant approvals from regulatory authorities.
Following the announcement of July 23, 2021, Eurobank Bank Societe Anonyme ("Eurobank"), a subsidiary of
"Eurobank Ergasias Services and Holdings Societe Anonyme" (Eurobank Holdings) announces that, after receiving the relevant supervisory approvals, it has completed the acquisition of 2,7% (11.191.639 shares) in Hellenic Bank Public Company Ltd ("Hellenic Bank") ) ", States an announcement of Eurobank on the Athens Stock Exchange and adds that the participation of Eurobank in Hellenic Bank now amounts to 12,6%.