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: Investor Demand
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.