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Interest in the acquisition of Hellenic General Insurance Company | TheGreekDeal.com
Piraeus Bank
Interest in the acquisition of Hellenic General Insurance Company
Piraeus Bank Group is examining, on a systematic basis, possible investment alternatives in a statement in response to relevant publications and a question from the Hellenic Capital Market Commission.
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Christos Megalou, CEO Piraeus Bank

Piraeus Bank Group is examining on a systematic basis possible investment alternatives that would contribute positively to its profits and the efficiency of its capital structure, it is stated in a statement in response to relevant publications and a question from the Hellenic Capital Market Commission.

As noted, in this context, it is currently examining and evaluating various possible investments in sectors related to the financial sector, including the asset management and insurance sectors, including National Insurance. 

In any case, it adds, any potential transaction currently being evaluated should be compatible with the announced distribution plan and the Group's other investment criteria, with the aim of adding to the Group's growth potential, further enhancing the diversification of Piraeus' business model.

"Piraeus Financial Holdings will promptly inform the investing public in accordance with applicable provisions should an announceable event arise," the announcement concludes.

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