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.

For the full story, please click here.

(Photo: M van Dobbelsteen/