Eurobank announced the completion of share capital increase

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Eurobank S.A. has announced the official completion of its share capital increase, by payment in cash, and the beginning of trading of the ordinary shares on the Athens Exchange.

The percentage of ordinary shares and voting rights held by the Hellenic Financial Stability Fund (HFSF) has decreased from 95.23% to 35.41%. This corresponds to 5,208,067,358 ordinary shares with voting rights issued by Eurobank, from a total of 14,707,876,542 ordinary shares with voting rights, with a nominal value of €0.30 per share.

The exercise of the voting rights on the above ordinary shares is subject to the limitations of art.

Greece’s third-largest lender Eurobank became its first bailed-out financial institution to return to private control in April, after raising €2.86 billion from international investors.

Growing confidence that bailed-out Greece is turning the corner towards recovery has helped its top banks tap international markets via share and bond issues, and raised approximately €7.06 billion so far.

“The successful completion of Eurobank’s capital increase constitutes a vote of confidence to the prospects of our bank and of the Greek economy,” Eurobank CEO Christos Megalou said in a statement.

Source: Gold