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Alpha Bank acquires AXIA amid plans to boost Cyprus, Greece operations

Alpha Bank S.A. and its wholly-owned subsidiary Alpha Finance Investment Services has announced the signing of a definitive share purchase agreement with the shareholders of AXIA Ventures Group Ltd for the acquisition of 100% of AXIA’s share capital.

This follows an announcement on 31 March 2025, regarding the agreement on the key commercial and legal terms of the transaction.

"The signing of definitive SPA marks a significant milestone in Alpha Bank’s strategy to establish the leading Investment Banking & Capital Markets platform in Greece and Cyprus," the bank said in an announcement. "Upon completion of the Transaction, AXIA will be combined with Alpha Finance, the Bank’s Investment Services subsidiary, and Alpha Bank’s Investment Banking unit, forming the most prominent investment banking platform in Greece and Cyprus (Combined Entity), that will deliver best-in-class, tailored and comprehensive investment banking services including among others, in the areas of Capital Markets (ECM / DCM), M&A Advisory and Brokerage."

AXIA’s senior management has committed to long-term leadership roles in the Combined Entity, it added, ensuring continuity and reinforcing the strategic alignment between the two organisations.

"The Transaction supports Alpha Bank’s strategy of accelerating growth in fee-generating activities and commission income generation, further diversifying revenue streams, while also significantly enhancing the product and service offering for corporate clients," it continued.

The Transaction is expected to be EPS accretive by approximately 1.4%, delivering a return on invested capital (RoIC) in excess of 20%, with limited impact on the Group’s CET1 ratio, of below 20 basis points, it said. The transaction is expected to be completed in the fourth quarter of 2025, subject to regulatory approvals and satisfaction of customary conditions. "In accordance with all applicable laws and regulations, Alpha Bank will keep investors informed on any material developments," it concluded. 

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