Na­tional takes lion’s share of Eurobank

Kathimerini English - - Front Page -

Na­tional Bank for­mally be­came the big­gest stake­holder in Eurobank Er­gasias yes­ter­day, upon its ac­qui­si­tion of shares be­long­ing to Eurobank share­hold­ers who have ac­cepted Na­tional’s pub­lic of­fer­ing. Na­tional has ac­quired 466,397,790 Eurobank shares, which amount to 84.35 per­cent.

Na­tional al­ready owned 0.4 per­cent of the lender, so its cur­rent stake now stands at 84.75 per­cent.

Next week will see the com­ple­tion of the trans­ac­tion, with the con­ces­sion of 58 Na­tional shares for ev­ery 100 Eurobank shares of the hold­ers ad­her­ing to the of­fer. The new Na­tional Bank of Greece shares will start trad­ing on the Athens Ex­change on Wed­nes­day, Fe­bru­ary 27.

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