Today, Monday 15 July 2013, the sale process of the New TT Hellenic Post Bank
F.A. (NPB) to Eurobank was completed following the signing of a binding agreement.
The Hellenic Financial Stability Fund (HFSF), within the framework of the MEFP
(Memorandum of Economic and Financial Policies) fulfilled its commitments and
obligations with regards to the sale of the New Post Bank within the target timetable.
The decision was taken after a competitive process during which four (4) offers were
submitted on Tuesday July 9th, 2013.
The parameters which were taken into account by the HFSF in reaching its decision
were the terms of the financial offers, the long-term maximization for HFSF’s
portfolio, as well as systemic stability. The consideration will be in Eurobank shares
which will be issued for this specific purpose.
The New Post Bank will continue to serve its depositors and clients in a seamlessly
manner.
The sale will be completed with the contribution of the New Post Bank’s shares to
Eurobank and after the necessary approvals from the DG Comp, the Bank of Greece,
the Hellenic Competition Authority and the General Assembly of Eurobank’s
shareholders.