Brief: Eurobank Says Fairfax Sold C. 2.2% Of Eurobank Shares For EUR 186 Million

Eurobank SA

23/01/2025 07:17

Jan 23 (Reuters) - Eurobank Ergasias Services and
Holdings SA  EURBr.AT :
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS FAIRFAX SOLD
80
MILLION EUROBANK SHARES AT EUR 2.33 PER SHARE THROUGH AN
ACCELERATED BOOKBUILDING PROCESS TO QUALIFIED INVESTORS
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS SHARES SOLD
CORRESPOND TO APPROXIMATELY 2.2% OF EUROBANK’S SHARE CAPITAL
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS TOTAL
PROCEEDS OF
THE TRANSACTION AMOUNT TO APPROXIMATELY EUR 186 MILLION
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS DISPOSAL
REPRESENTS
A MANDATORY TECHNICAL ADJUSTMENT AND DOES NOT REFLECT IN ANY WAY
A VIEW ON EUROBANK’S VALUATION OR LONG-TERM PROSPECTS
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS AFTER THE
TRANSACTION FAIRFAX WILL HOLD AN EQUITY STAKE OF AROUND BUT
BELOW 33% OF EUROBANK'S SHARE CAPITAL
    * EUROBANK ERGASIAS SERVICES AND HOLDINGS SAYS FAIRFAX HAS
AGREED
TO A 180-DAY LOCK-UP PERIOD FOR ITS REMAINING EUROBANK SHARES



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