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HFSF
Banks in Greece have become the most desirable assets in Europe
Greece's troubled banks of the past have become some of the most desirable assets in Europe, Elias Xirouchakis, managing director of the HFSF, told Bloomberg
Last year's privatisations leave a strong legacy
The 10.4-fold overbid in the placement of NBG is a new historical record (compared to previous transactions in the banking sector in the Greek market), say sources of the Hellenic Financial Stability Fund to the Athens News Agency.
Successfully completes public offer of 22% of National Bank's share capital
A public offering by Hellenic Financial Stability Fund of 22% of National Bank of Greece's equity capital was 8.04 times oversubscribed and the offer price was set at 5.30 euros per share
The bids exceeded €8 billion
The National Bank's issuance, covering 20% + 2% of the group's shares held by the HFSF (out of a total ownership of 40.39%), was oversubscribed more than eight times
HFSF: Proceeds with the disposition of a 20% stake - At a price range of €5 to 5.44 per share the price range
The Board of Directors of the Hellenic Capital Market Commission (“HCMC”) approved yesterday the intention to participate in a 20% stake in the share capital of the National Bank, which corresponds to 182,943,031 shares
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.