A tender process for a 9-percent stake in Alpha Bank, one of four systemic banks in Greece, has concluded on Friday, with Italy-based UniCredit reportedly the sole candidate for acquiring the share package.
UniCredit has officially expressed an interest in acquiring the ATHEX-listed bank’s stake through a process initiated by the Hellenic Financial Stability Fund (HSFS), which holds the shares.
HSFS is a memorandum-mandated (2010) independent entity created to maintain and ensure stability in Greece’s banking system, in the wake of the country’s first institutional bailout.
Sources cited French financial adviser Lazard, a consultant in the process, as saying UniCredit was the only candidate. The same sources said HSFS may request an improved offer from the Italian banking group, which previously offered 1.33 euros per share to acquire 9 percent of Alpha Bank.
An official announcement will come on Monday, Nov. 13, before the opening of trading on the Athens Stock Exchange (ATHEX).
In the wake of the Alpha Bank sale process, media reports in Athens also cited the prospect of HSFS putting half of its shares in National Bank of Greece (NBG) on the selling block, or 20 percent of NBG’s total share capital.
One oft-quoted scenario cites a NBG selloff of 15 percent of the credit institution’s shares through an offer book process, with 5 percent floated on ATHEX for acquisition by private investors – and with current shareholders given priority.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
