ATHEX-listed Eurobank, one of four systemic lenders in the country, will reportedly proceed with the buy-back of 1.4 percent of its share capital, currently held Hellenic Financial Stability Fund (HFSF), the special purpose vehicle created to assist in the banking sector’s stabilization in the wake of the three consecutive government bailouts since 2010.
The prospect, as expected, is on the agenda of a coming general shareholders’ meeting scheduled for July 20.
According to an announcement by the bank’s management, the price per share in the buy-back scheme will hover between 1.10 and 1.90 euros per share.
Based on the above figures, the proposal towards shareholders is an outlay of between 57.3 million euros to 98.95 million euros for 1.4 percent of the share capital.
A the closing of Wednesday session at the Athens Stock Exchange (ASE), Eurobank’s share reached 1.4605 euros.
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