Eurobank completes acquisition of 12.6% of Hellenic Bank

Greek Eurobank Ergasias announced it has completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second largest lender.

The Greek bank said it acquired a 2.7% stake of Hellenic Bank’s share capital namely 11.19 million shares with a price of €8.95 million. Eurobank acquired the stake of Third Point Fund. On July 23 the Bank bought 9.9% of Third Point’s stake in Hellenic Bank and had signed an SPA to acquire the remaining 2.7% subject to regulatory approvals.

“Further to the announcement dated July 23rd 2021, Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), announces that, following the receipt of the relevant regulatory approvals, it completed the acquisition of a 2.7% holding (11,191,639 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”),” Eurobank said in a press release issued to the Athens Stock Exchange, adding that “Eurobank’s holding in Hellenic Bank now amounts to 12.6%.”