Greek Eurobank Ergasias announced it has completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second largest lender.
The Greek bank said it acquired a 2.7% stake of Hellenic Bank’s share capital namely 11.19 million shares with a price of €8.95 million. Eurobank acquired the stake of Third Point Fund. On July 23 the Bank bought 9.9% of Third Point’s stake in Hellenic Bank and had signed an SPA to acquire the remaining 2.7% subject to regulatory approvals.
Continue reading at source: Gold News
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