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New Deal


Announced

Eurobank to acquire a 17.3% stake in Hellenic Bank from Poppy for €168m.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned29%
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cyprus

banking

Acquisition

Cross Border

Minority

Private

Pending

Single Bidder

Banks

Friendly

Synopsis

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Eurobank, a financial company, agreed to acquire a 17.3% stake in Hellenic Bank, a banking company, from Poppy for €168m. "The acquisition is aligned with the overall strategy of Eurobank Group to further strengthen its presence in its core markets and is a vote of confidence to the positive prospects of the economy of Cyprus," Eurobank.

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