PROTON ΤΡΑΠΕΖΑ Α.Ε.
Agreement for the Sale of 26.98% of Proton Bank?s Share Capital
to Piraeus Bank S.A.
Proton Bank?s management, together with a group of shareholders, jointly representing 26.98% of the Bank?s share capital, agreed with the management of Piraeus Bank to transfer this stake through a shares exchange.
The share exchange ratio was set at one Piraeus Bank share for every 5.5 shares of Proton Bank.
At a later stage, the management of both banks intend, the absorption of Proton Bank by the Piraeus Bank Group.
The agreement signed by the two parties today will be completed after compliance decisions are taken by the regulatory authorities.
The share exchange ratio was set at one Piraeus Bank share for every 5.5 shares of Proton Bank.
At a later stage, the management of both banks intend, the absorption of Proton Bank by the Piraeus Bank Group.
The agreement signed by the two parties today will be completed after compliance decisions are taken by the regulatory authorities.