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12° Nicosia,
24 June, 2024
 

Eurobank boosts stake in Hellenic Bank with over 500,000 shares

Eurobank solidifies its position in Hellenic Bank with a significant share purchase, signaling confidence in the banking sector

Source: CNA

Eurobank has acquired 503,934 more shares in Hellenic Bank, for the cost of €1.29 mn, increasing its share at 55.42%.

In a press release, Eurobank S.A. (“Eurobank”), a subsidiary of Eurobank Ergasias Services and Holdings S.A., announced that on June 10th, 2024, purchased 503,934 shares in Hellenic Bank Public Company Limited (“Hellenic Bank”) at the price of €2.56 per share for a total consideration of ca. €1.29 m.

Eurobank, following the above acquisition, directly holds 228,789,554 shares representing 55.42% of the total issued share capital and of the voting rights of Hellenic Bank.

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Cyprus  |  banks  |  economy  |  finance

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