The Greek Deal.com
PIRAEUS BANK
How they see a possible Piraeus deal for Hellenic General Insurance
A possible deal between Piraeus Bank and CVC for the acquisition of Hellenic General Insurance has attracted the interest of international companies.
Offers €469 million for 70% of Hellenic General Insurance
Piraeus is in exclusive discussions with CVC regarding the acquisition of Hellenic General Insurance Company.
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.
New goals and the deferred tax
Piraeus Bank is planning a high shareholder reward, as the bank's CEO, Christos Megalou, told analysts.
€932 million profit in 9 months - Higher target for 2024
Piraeus Bank announced a historically high adjusted net profit of EUR 932 million for the first nine months of the year.
Sale of a €350 million NPE portfolio
Piraeus Bank has completed the sale of a portfolio of non-performing loans to a business run by Waterwheel Capital Management LP, with a gross book value of roughly €0.35 billion at the cut-off date.
Entering the markets with a long-term bond
Piraeus Bank is expected to issue a Tier 2 bond maturing in 11 years and callable in six years, according to Reuters.
Successfully priced a €650mn Green Senior Preferred Bond with a yield of 4.625%
According to an announcement, Piraeus Bank has successfully finished pricing a new €650 million High Priority Green Bond with a yield of 4.625%, drawing interest from a sizable number of institutional investors.
Launches a 5-year green bond offering on the market
Piraeus Bank will soon introduce a green five-year bond to the market.
Considering the deal Piraeus Bank-MIG for late submission of merger notification
The Competition Commission is examining Piraeus Bank acquisition of exclusive control over MIG to ascertain whether the merger notification was filed beyond the deadline.
Revises Piraeus, Eurobank, NBG, Alpha Outlook to Positive
Fitch states that the outlook upgrade reflects the assessment that the upgrade of Greece's credit rating to investment grade will benefit the operational environment of the banks.