Tag Archives: M&A

Acquisition of Societe Generale’s Greek unit by Piraeus Bank

Piraeus Bank announced on October 19 it signed a definitive agreement with Societe Generale (SocGen) for the acquisition of the latter’s entire stake (99.1%) in its Greek unit, Geniki Bank. The transaction is expected to be consummated before the end … Continue reading

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Alpha Bank acquired Emporiki Bank

Alpha Bank announced earlier today it entered into a contract with Credit Agricole (CA) for the acquisition of 100% of its Greek unit, Emporiki Bank. Note that CA had announced on October 1 it had entered into exclusive negotiations, picking … Continue reading

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A long-awaited Greek bank mega deal

National Bank of Greece (NBG) announced on October 5 late in the evening a voluntary share exchange offer to acquire 100% of Eurobank. NBG offers 58 new shares for every 100 Eurobank shares implying a premium of 7.0% and 3.6% … Continue reading

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Credit Agricole picked Alpha Bank as preferred bidder for Emporiki Bank

Through a press release issued earlier today, Credit Agricole (CA) confirmed it picked Alpha Bank as the preferred bidder for the acquisition of 100% of Emporiki Bank. CA also announced it has entered into exclusive negotiations with Alpha Bank and … Continue reading

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Important macro and banking developments in an unusually interesting summer season

Unlike previous years’ summer season, a lot of important macro, political and banking developments are taking place in Greece this year. The government has to identify cost cutting measures of €11.5bn for 2013-14 in an effort to convince international partners … Continue reading

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Piraeus Bank absorbs the sound part of ATEbank

BoG announced that in the framework of the resolution measures prescribed in the relevant law (4021/2011), it has explored the potential interest of local and foreign banks for the acquisition of the sound part of ATEbank (90% owned by the … Continue reading

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Eurobank new shareholder structure facilitates a potential merger

Eurobank announced that EFG Group, currently holding 44.7% of Eurobank shares, in order to satisfy regulatory authorities intends to transfer 43.55% to nine younger members of the Latsis Family and to the John S. Latsis Public Benefit Foundation, each of … Continue reading

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