Eurobank completes mandatory public offer for Hellenic Bank shares

The mandatory public offer for the acquisition of up to 100 per cent of the issued share capital of Hellenic Bank Public Company Limited, submitted on June 4, 2024, has been completed, according to Eurobank, a subsidiary of Eurobank Ergasias Services and Holdings.

Following the final verification of acceptance and transfer forms, the total acceptance rate for the public offer reached 0.481 per cent.

In addition, there were acceptance and transfer forms submitted for 1,984,781 shares of the target company, Eurobank announced in a statement published on the Cyprus Stock Exchange website.

Adding this to the 55.481 per cent (229,030,025 shares) already directly held by the offeror at the close of the public offer on July 30, 2024, Eurobank now holds a total of 55.962 per cent (231,014,806 shares) of the issued share capital of Hellenic Bank.

Moreover, payment to shareholders who accepted the public offer was made through bank transfers and the issuance of cheques on August 6, 2024.

At the same time, the announcement explained that the offeror completed an off-market transfer of the securities through the appointed handler, the Cyprus Investment and Securities Corporation Limited (CISCO).

Finally, it should be noted that CISCO and Axia Ventures Group acted as advisors to the offeror in connection with the public offer process.