Alpha Bank has successfully completed a Euro 483.4 million treasury share offering.
Alpha Bank A.E. has today completed the placement of 21,250,000 million treasury shares, representing 5.21% of its issued share capital. The shares were priced at Euro 22.75, a 3% discount to the volume weighted average share price of December 4th, 2006.
The placement was lead managed by J.P.Morgan Securities Ltd., Merrill Lynch International and UBS Investment Bank with Alpha Finance acting as the placement agent in Greece. The placing, which was done by way of an accelerated bookbuild, attracted strong demand from international and domestic institutional investors.
Demetrios P. Mantzounis, Managing Director of Alpha Bank stated: We are very pleased with the confidence institutional investors have shown in our treasury shares placement. The transaction will support further growth in the wider region of Southeastern Europe.