Eurobank increased stake in Hellenic Bank to 55.3%, submitting a takeover bid for €275.7M.

Eurobank increased its holding in Hellenic Bank to 55.3%, and submitted a takeover bid after acquiring 26.1% stake (107.6M shares) for €275.7M, equivalent to €2.56 per share. The purchases included shares from Poppy S.à.r.l., Senvest Management LLC, Wargaming Group Limited, and Executive Directors' provident funds. Eurobank Ergasias Services and S A made the announcement.