Greece's bank bailout fund initiates stake sale in Piraeus Bank

Piraeus Bank SA

03/03/2024 21:07

ATHENS, March 3 (Reuters) - Greece's bank bailout fund
HFSF will start on Monday a process for the sale of a stake of
up to 22% in Piraeus Bank, it said on Sunday.
    The shares will be sold to Greek investors via a public
offering in Greece and to foreign investors via a private
placement, the Hellenic Financial Stability Fund (HFSF) said in
a statement.
    The offering will take place from March 4 to 6 and the 
price range was set between 3.7 and 4 euros per share, HFSF
said.

 (Reporting by Angeliki Koutantou)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))