.
MergerLinks Header Logo

New Deal


Announced

Pancreta Bank to acquire Greek operations of HSBC.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Banks

Pending

bank

Friendly

Acquisition

Majority

Greece

Single Bidder

Domestic

Private

Synopsis

Edit

Pancreta Bank, an operator of a cooperative bank in Greece, agreed to acquire Greek operations of HSBC, a bank. Financial terms were not disclosed. All staff members employed by HSBC Greece at completion of the potential transaction would transfer to Pancreta Bank as part of the sale. Completion of the potential transaction would be subject to regulatory approval and the potential transaction would be expected to complete in the first half of 2023.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US