Attica Bank shareholders approved a €735 million share capital increase at an Extraordinary General Meeting. The plan includes €672.1 million from cash payments and €62.9 million from warrant exercises. A reverse stock split was also approved, consolidating 53 million shares into 530,000. The bank expects to complete the increase and start trading warrants by November.
Tag: Hellenic Financial Stability Fund
Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greece’s banking sector, which had been heavily supported during the debt crisis.
Greek parliament ratified the merger of Attica Bank and Pancreta Bank on Thursday, with support from New Democracy and PASOK-Movement for Change. The bill, involving the Hellenic Financial Stability Fund and Thrivest Holding Ltd., faced opposition from other parties. Finance Minister Kostis Hatzidakis clarified that JP Morgan's market research was related only to Attica Bank.
Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus…
ATHENS, Jan 15 (Reuters) - Greece's bank bailout fund will start a process to sell…