Eurobank is reportedly set to complete the buyback of HFSF’s 1.4% stake at 1.80 euros per share next week. The stake corresponds to some 52 million shares. 

The country’s bank rescue fund has announced the launch of the disposal of its stake in the share capital of Eurobank.

In line with the founding law of the fund, has launched a bidding process which commenced on Monday and will end on October 6 at 5.30 p.m.

However, the HFSF received an initial binding offer from Eurobank for the acquisition of the shares via a targeted share buyback which following discussions is set at a price of 1.80 euros per share. 

The HFSF and Eurobank have already entered into a conditional sale and purchase agreement for the sale and transfer of the shares.