The ECB approves Eurobank’s acquisition of a majority stake in Hellenic Bank, KNEWS

The European Central Bank (ECB) has granted Eurobank the necessary consents to acquire 55.3% of shares in Hellenic Bank.

As required by law, Eurobank announced a public offer to buy back all remaining Hellenic Bank shares at a price of EUR 2.56 per share, an increase from the previous offer of EUR 2.35 per share.

The acquisition is a significant move in the Cypriot banking sector, signaling Eurobank’s continued expansion and efforts.

(Information comes from the story of Panayiotis Rougalas published in the Cypriot edition of Kathimerini)