Greek bank rescue fund reduces stake in Alpha Bank to 9%

Investing.com | Jul 1, 2021 at 3:01 PM
  • Greece’s bank rescue fund HFSF said on Thursday it took part in Alpha Bank’s 800 million euro ($948 million) share offering partially, reducing its holding to 9% from 11% previously but remaining the bank’s largest shareholder.
  • The public offering in Greece and the international placement with institutional investors via bookbuilding ran in parallel and were completed on Wednesday.
  • Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) acted as joint global coordinators and joint bookrunners.