Bulgaria's Postbank Has New Owners

The Greek Euroboank, which owns 100% of Bulgaria's Postbank, has new majority owners, said the bank in a press release. 

Eurobank Ergasias has increased its share capital by EUR 2.864 B by emitting shares at the Athens stock exchange last week. Thus the bank became the  Greek bank with a highest share of private stock holders – 65%. The majority  stocks are controlled by the Fairfax, WLR, Mackenzie, Capital, Fidelity and Brookfield investment funds. 

“Besides being one of the biggest in the world, those key investors are funds with long-term investment plans,” said Petya Dimitrova, CEO of Bulgaria's Postbank. “This means that they are here to stay and develop the Eurobank business in the region and to maximize the benefits for our clients.”

Besides in Greece and Bulgaria, Eurobank is also present Romania and Serbia and offers asset management in Cyprus and Luxembourg.