HFSF

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

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

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