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26 June, 2024
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ECB approves Eurobank's acquisition of majority stake in Hellenic Bank

Eurobank offers to buy back all shares of Hellenic Bank at EUR 2.56 per share


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]

Cyprus  |  EU  |  banks

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