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GreeceBusinessHFSF announces successful completion of Attica Bank's share capital increase scheme

HFSF announces successful completion of Attica Bank’s share capital increase scheme

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
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Hellenic Financial Stability Fund (HFSF) on Wednesday announced the successful completion of a share capital increase scheme worth 473 million euros for Attica Bank with the joint participation of HFSF and private investors.

Under the agreement reached between the Fund and the new shareholders, Pancreta Bank, Thrivest Holdings and the systemic banks, a new chapter begins for Attica Bank and the banking system as it lays out a road map for the creation of a new credit institution offering new opportunities in the Greek banking market.

The dynamic development of Attica Bank is ensured by the contribution of HFSF. The new private investors, Pancreta Bank and Thrivest Holdings, participated in the share capital increase scheme with 34 million and 30 million euros, respectively, acquiring unsold shares of Attica Bank, while the four systemic banks invested 10 million euros each, fully covering the share capital increase scheme. HFSF contributed 329 million euros.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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