The Hellenic Financial Stability Fund (HFSF) announces that today April 29th, 2014, Eurobank’s public and international offering for the Share Capital Increase has been completed. The new shares are expected to commence trading on May 9th, 2014.
The Group of Institutional Investors which includes Fairfax, Capital Research and
Management, Wilbur Ross, Fidelity, Mackenzie and Brookfield agreed yesterday to adjust
the price per new offered share at €0,31 from €0,30 reiterating its binding offer of a total
amount of €1,332 million. The book was three times oversubscribed at this price.
Mrs. Anastasia Sakellariou, CEO of the Hellenic Financial Stability Fund, stated:
“Eurobank’s completion of their share capital increase represents a key milestone for the
bank, the HFSF and the entire Greek banking sector, as it marks the return of Eurobank to
the private sector. We are pleased with the strong support and participation expressed by
the international and Greek investor community in the Eurobank transaction and we would
like to thank and welcome them as new shareholders. We are impressed by the high level of
quality and demand as well as the participation of long-only funds, sovereign wealth funds
and the cornerstone investors. We would also like to thank Eurobank’s management for
their cooperation and significant contribution in this important transaction and wish them
continuous success. »
Lazard Frères acted as the Fund’s financial advisor and the valuation reports, prescribed in
the law, were provided by Lazard Frères and Morgan Stanley.