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)