The Greek Deal.com
ALPHA BANK
$250 million from Alpha Bank to P.G. Livanos
Alpha Bank participated with 250 million dollars in the consortium loan totaling 2.8 billion, concluded by the shipping company GasLog, owned by Peter G. Livanos
Mixed performance in blue chips - Trading volume surges due to Alpha
Stock prices recorded a marginal increase in today's session on the Athens Stock Exchange.
UniCredit acquires 9% for €293.5 million
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.
Improved offer from UniCredit for 9%
An improved offer from UniCredit for 9% of Alpha Bank, fluctuates at around €1.40 per share, as of the closing levels on Friday, according to reliable sources.
Profits driven by DEI, Piraeus, and Alpha Bank
The Athens Stock Exchange is seeing significant gains for the second day in a row
Adjusted net profits for the nine months at €564.7 million
Adjusted after-tax profits of €564.7 million were reported by Alpha Bank for the current fiscal year's nine-month period
HFSF launches process for Alpha's stake; Unicredit offers 1.33 euros/shr
The Fund received last week an offer from Unicredit for the stake as part of the Italian lender’s plan to become Alpha Bank’s biggest investor. Unicredit offers 1.33 euros per share.
Alpha Bank’s strategic partnership with Unicredit is credit positive
The deal will enhance Alpha Bank's tangible capital and profitability. Alpha Bank's return on tangible equity (RoTE) is expected to increase by around 50 basis points, Moody's reckons.