Announcement of ATEbank
Agricultural Bank of Greece S.A. announces that the Board of Directors in its meeting of February 16th, 2012, decided in the context of the international tender that has taken place for the sale of its stake at SEKAP SA (Tobacco industry) to accept the offer of Bommidala Enterprises Ltd, to acquire 1,849,171 common shares with voting rights that constitute 50.36% of the paid in share capital of ATEbank-owned SEKAP S.A. The conclusion of the transaction is contingent upon the usual conditions and required approvals.
In the same meeting the Board of Directors of the Bank decided to accept the offer of the company Eurofarm S.A. to acquire 2,472,867 common shares with voting rights amounting to 99.98% of the paid in share capital of ATEbank-owned Hellenic Feedstuff S.A. (ELVIZ). The Conclusion of the transaction is contingent upon the usual conditions and required approvals.
Finally, in the same meeting, the Board of Directors decided to proceed with an international tender for the sale of the ATEbank-owned shares of the Serbian Bank AIKBANKA, and to hire the INVESTMENT BANK OF GREECE and the EUROPEAN PRIVATIZATION AND INVESTMENT CORPORATION (EPIC) as Sale Consultants.