Greece has completed the re-privatisation of its banking sector by selling a 10% stake in the National Bank of Greece, raising €690 million to help reduce public debt. The sale, managed by the Hellenic Financial Stability Fund (HFSF), saw high investor interest, with oversubscription 12 times over. This marks the final stage of Greece’s effort to divest its stakes in major banks, signaling ongoing economic recovery after the financial crisis.
Tag: HFSF
Greece’s Hellenic Financial Stability Fund (HFSF) has finalised the price of the National Bank of Greece equity offering at €7.55 per share. The sale, which involved a 10% stake in the bank, was met with high demand, being oversubscribed by 12 times. This marks a significant sign of investor confidence in Greece’s banking sector.
Greece’s bank bailout fund, the Hellenic Financial Stability Fund (HFSF), will begin selling a stake…
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.
Greece will establish its first sovereign wealth fund, seeded with €300 million, to manage and sell remaining state assets like property, ports, and utilities. Proceeds will be invested in green projects, infrastructure, and new technologies. Financial advisor BlackRock will help structure the fund.
The Hellenic Financial Stability Fund (HFSF) launched a public offering on Monday to sell up…
Greece’s state-controlled bank bailout fund HFSF announced that it had sold its 9% stake in…