UniCredit is acquiring the 9% stake held by the Greek government in Alpha Bank for 293.5 million euros, following the improved (compared to the initial) offer made by the Italian giant to the Financial Stability Fund (FSF), namely 1.39 euros per share.

The Financial Stability Fund (FSF) recently announced the agreement,  regarding the submission of an improved offer by UniCredit, with a premium of approximately 5% from the closing price on October 25.

Compared to the reference price on October 20, 2023, the transaction premium amounts to 9.4%, while in relation to the last closing price on Friday, November 10, the offered price is equivalent to a reduced price (discount) of 0.4%, as stated in the Fund's announcement.

Negotiations between the two parties reached an agreement in the early hours of Monday, following their peak over the weekend.