Eurobank S.A. entered into share purchase agreement to acquire additional 7.2% minority stake in Hellenic Bank Public Company Limited (CSE:HB) from Wargaming Group Limited, Provident Fund For The Executive Directors Of Wargaming Group Limited and Provident Fund For The Senior Management Personnel Of Wargaming Group Limited for ?69.8 million.

Eurobank S.A. entered into share purchase agreement to acquire additional 7.2% minority stake in Hellenic Bank Public Company Limited (CSE:HB) from Wargaming Group Limited, Provident Fund For The Executive Directors Of Wargaming Group Limited and Provident Fund For The Senior Management Personnel Of Wargaming Group Limited for ?69.8 million on August 30, 2023. Eurobank, currently holds 29.2% in Hellenic Bank, therefore after the completion of (a) the transaction and (b) the acquisition of the 17.3% stake from Poppy S. à r.l and the 1.6% stake from Senvest Management LLC that were announced on August 23rd and 25th respectively, its total holding in Hellenic Bank will amount to 55.3%. The completion of the acquisition is subject to customary regulatory approvals.

Eurobank may consider the acquisition of additional shares also via other negotiated transactions, the completion of which will be subject to the same customary approvals. Alexander Kolmakov and Yemo Guo of DLA Piper Group acted as legal advisor to Wargaming Group Limited in the transaction. Eurobank S.A informs that the Commission for the Protection of Competition of the Republic of Cyprus in its meeting on February 2, 2024, approved the concentration arising from the increase of Eurobank?s stake in Hellenic Bank Public Company Limited (?Hellenic Bank?) share capital.