Proposal equals 0.063 euros per share and is up for approval by a Piraeus Bank general shareholders' assembly to convene in late June

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

The CEO of the HFSF announced that offers exceeded even their most optimistic estimates

This means that the HFSF will raise more than 1.3 billion euros with reports indicating that managers have already received orders exceeding nine billion euros.

The price range was set at between 3.7 and 4 euros per share, HFSF added.

Piraeus Bank’s books will open this morning at 10 am with the Hellenic Financial Stability Fund (HFSF) placing its 27% stake in the bank, which is expected to draw substantial 8-10 billion euros in offers. The move is significant because it means the bank will finally return to the control of the private sector after […]

If the HFSF decides to place the entirety of its 27% stake in the bank, it could mean over 1.2 billion euros in proceeds for the Greek state

In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase