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The European Central Bank (ECB) has granted the necessary approvals for Eurobank to acquire a 55.3% stake in Hellenic Bank.
In compliance with legal requirements, Eurobank has launched a public offer to buy back all remaining shares of Hellenic Bank at EUR 2.56 per share, an increase from the previous offer of EUR 2.35 per share.
The acquisition is a significant move in the Cypriot banking sector, signaling Eurobank’s continued expansion and consolidation efforts.
[Information sourced from Panayiotis Rougalas' story published in Kathimerini's Cyprus edition]
