The Hellenic Financial Stability Fund (HFSF) approved today the offer submitted by a Group of Institutional Investors (Investors) regarding Eurobank’s share capital increase. The Investors include Fairfax, Capital Research and Management, Wilbur Ross, Fidelity, Mackenzie, and Brookfield.
The Investors agreed to sign an “Institutional Investor Agreement” with Eurobank
and also committed to subscribe for newly issued ordinary shares of Eurobank in a
total amount of Euro 1.332million (representing 47% of the Capital Increase) at a
price of €0.30 per newly issued ordinary share.
The remaining amount of the Share Capital Increase, as decided in Eurobank’s
General Assembly of April 12th, 2014, will be covered via a book building process for
international and other qualified investors and a public offering in Greece.
Mrs. Anastasia Sakellariou, CEO of the Hellenic Financial Stability Fund, stated:
“Today the “cornerstone investor” phase of Eurobank’s share capital increase has
been successfully completed with the commitment of highly reputable and
experienced Investors. We are looking forward to the full coverage of the share
capital increase with private participation at the final price which will be determined
via the book building process. The continuing strong interest of quality investors in
the Greek banks, underscores the strong progress achieved in the turnaround of the
Greek banking sector.”