Eurobank comes close, but doesn’t fully acquire 100% of Hellenic Bank as expected

11:31 - 11 April 2025

Financial Services

Eurobank came close but, as expected, did not reach 100% ownership of Hellenic Bank (HB) through the public offer it submitted, which ran from March 11 to April 9, aiming to acquire the entire share capital of the bank.

The total acceptance rate of the public offer reached 4.989%, as acceptance and transfer forms were submitted for 20,593,785 HB shares.

Adding this acceptance rate to the 93.470% (385,847,001 shares) that Eurobank directly owned at the close of the public offer on 9 April, gives it a total direct participation of 98.458% (406,440,786 shares) in Hellenic’s issued share capital.

Upon completion of the share transfers from Hellenic shareholders who accepted the offer, Eurobank will immediately exercise its Squeeze-Out Right to acquire 100% of Hellenic’s shares, offering consideration equal to the proposed compensation of €4.843 per share, it said in an announcement.

Eurobank comes close, but doesn’t fully acquire 100% of Hellenic Bank as expected

News Feed

Read More