Eurobank's Strategic Acquisition in Hellenic Bank and Demetra Holdings
November 7, 2024
Eurobank has acquired 12.9% of the Hellenic Bank and 8.58% of Demetra Holdings, showing confidence in the new management and strengthening ties with the Cyprus Bank Employees Union. This transaction will increase Eurobank's stake in Hellenic Bank from 55.96% to 68.81%. Following the transaction's completion, Eurobank intends to make a public offer for the remaining shares of Hellenic Bank, pending regulatory approvals. The total value of the deal amounts to 243 million euros.