The Hellenic Financial Stability Fund expected to announce placement of National Bank shares on Monday

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The Hellenic Financial Stability Fund (HFSF) is expected to announce its newest divestment of National Bank shares on Monday.

The book of offers is expected to open the same day until October 2, and will relate to the offer of the bank’s 2% share that the Fund holds, from the current approximate 18.3%.

According to information, of this amount some 15%-20% will be offered to retail, with the rest to institutional and long-term investors. The final number of divested shares will remain open, allowing the option of a larger percentage in the final distribution.

The latest placement took place in November 2023 and was completed with outstanding success through the divestment of 22%. The transaction attracted strong interest domestically and abroad, being oversubscribed eight times.

source ANA-MPA

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