The sale of Demetra Holdings' 8.58% stake in Logicom has been completed, according to an announcement by Eurobank, with the price amounting to approximately €27 million. It is recalled that this is part of a wider transaction that provides for Eurobank to acquire an additional 24.66% stake in Hellenic Bank. 

In detail, the bank's announcement:

Further to its announcement of 25 November 2024, Eurobank Bank Anonyme Company (Bank), a subsidiary of Eurobank Ergasias Services and Holdings Anonyme Company (Eurobank Holdings), announces that, on 16 January 2025, it completed the sale to Logicom Services Limited ("Logicom") of 8.58% of Demetra Holdings Plc ("Demetra") (17.152,353 shares), for a consideration of approximately €27 million, corresponding to €1.55 per share.

It is recalled that this transaction is part of the Bank's broader agreement with Demetra and Logicom, which, in addition to the above transaction and the acquisition by the Bank of an additional 24.66% stake in Hellenic Bank Public Company Ltd. from Demetra (21.33%) and Logicom (3.33%). Completion of this leg of the deal is expected around 10 February 2025, subject to receipt of the required regulatory approvals.