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Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. The bid aimed to acquire up to 100% of Hellenic Bank's issued share capital, following its initial submission on June 4, 2024.
Upon reviewing the acceptance and transfer forms, it was revealed that shareholders holding 1,984,781 shares, representing a 0.481% acceptance rate, agreed to the takeover bid. Before the bid expired on July 30, 2024, Eurobank S.A. already held 229,030,025 shares, accounting for 55.481% of Hellenic Bank's issued share capital.
With the acceptance of the takeover bid, Eurobank S.A.'s total shareholding increased to 231,014,806 shares or 55.962% of Hellenic Bank's issued share capital.
Payments to shareholders who accepted the bid were made via bank transfers and cheques on August 6, 2024. The off-exchange transfer of securities was completed through The Cyprus Investment and Securities Corporation Limited (CISCO).
Throughout the takeover bid process, Eurobank S.A. was advised by CISCO and Axia Ventures Group.
[Source: CNA]
