The Greek Deal.com
UNICREDIT
Boss Andrea Orcel to monitor his investment in Alpha Bank
Andrea Orcel in Athens, during one of his regular trips to closely monitor UniCredit's Alpha Bank investment.
Upgrades its growth estimate for Greece to 2.3% this year
UniCredit has upgraded its forecasts for the Greek economy, predicting growth of 2.3% this year from 1.9% previously, while for 2025 it continues to expect growth of 1.7%.
Window for expansion and acquisitions in Romania
UniCredit and Alpha Bank Chiefs Eye Romania Growth After Tie-Up.
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.
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.