UniCredit to acquire a 9% stake in Alpha Bank from Hellenic Financial Stability Fund for €293.5m.

UniCredit, an international banking group, agreed to acquire a 9% stake in Alpha Bank, the second largest Greek bank by total assets, from Hellenic Financial Stability Fund, a legal entity that monitors, evaluates, manages and provides capital support to credit institutions, for €293.5m ($314m). If the process with the HFSF is not completed, UniCredit has committed to purchase on market an equity stake equal to the lower of 5% or a different percentage of shares which results from UniCredit investing an aggregate pre-agreed amount over a period of 24 months.