Fiera Capital is committed to participate in the share capital increase of Attica Bank, as the bank states in a relevant announcement.

It notes that, in the context of the ongoing discussions with institutional investors who have expressed interest in participating in the current share capital increase, it has received and accepted a commitment from Fiera Capital to participate in the share capital increase for an amount of €12 million through the allocation of a corresponding number of unallocated shares.

Fiera Capital (UK) Limited is a leading independent asset management firm, building a long-term investment strategy wherever it invests, managing assets of CAD$158 billion (US$116.1 billion) and is listed on the Toronto Stock Exchange. The firm offers specialized investment solutions across a multitude of assets in public and private markets to institutional, financial intermediary, and private wealth clients in North America, Europe, and key Asian markets.

WHAT THE MOVE MEANS

Fiera Capital's investment is a vote of confidence in the management, the transaction itself, and the prospects of the bank and the Greek economy, Attica Bank sources said, noting that the transaction appears to be attracting international interest with foreign investors of this quality.

According to the same sources, this is the first time that such an investor has entered Attica Bank, which shows its total transformation and operational transformation.

This represents the culmination of the hard work that the management, the private investor Thrivest, the HFSF, and the government put in to establish the fifth banking pillar and draw in private institutional capital.

They also note that without the significant investment of a serious private investor such as Thrivest, this investment participation of the fund would not have been possible.

It is also significant that Fiera Capital itself describes in its statement the management of Bank of Attica as one of the best it has ever encountered.

It should be noted that Fiera Capital could only get shares if there are enough remaining shares from the Share Capital Increase after the shares were given out according to Law 5127/2024, which approved the investment agreement between the Hellenic Financial Stability Fund and Thrivest Holding Ltd on July 18, 2024.

The prospective participation of Fiera Capital's funds in the Share Capital Increase will be a milestone for the bank as part of its broader recapitalization strategy, in line with its ongoing transformation path within the Greek banking sector.

Eleni Vrettou, CEO of Attica Bank Group, said: "We are delighted that Fiera Capital has expressed its interest in participating in Attica Bank's recapitalisation process. Its interest is an important vote of confidence in the strong transformation efforts of the Bank and the Greek economy in general."