Eurobank returns to private investors following successful share sale

Written by on April 30, 2014 in Business - Comments Off on Eurobank returns to private investors following successful share sale

Eurobank is the first Greek bank to officially return to the hands of private owners following the completion of a 2.86 billion euro share offering on April 28 2014.

“The successful completion of Eurobank’s capital increase constitutes a vote of confidence to the prospects of our bank and of the Greek economy,” Eurobank CEO Christos Megalou said in a statement.

Greece’s third-largest lender was oversubscribed and priced at 0.31 euro a share. The 95 per cent stake held by the Hellenic Financial Stability Fund will fall to about 35 per cent as a result.

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(Photo: M van Dobbelsteen/sxc.hu)

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