Alpha stake is sold, NBG’s is up next now

The Hellenic Financial Stability Fund (HFSF) on Monday announced that it has agreed to sell its entire stake in Alpha and has started the process for that in National Bank.

The stake in Alpha Services and Holdings SA - namely 211,138,299 common registered shares, corresponding to 8.9781% of Alpha's paid-up share capital and voting rights - is sold to Italy's UniCredit according to a share purchase agreement entered into between HFSF and UniCredit on November 12.

The transaction followed the completion of a competitive process launched by HFSF on October 30, triggered by a binding offer from UniCredit for the acquisition of the shares received by HFSF, on October 23.

UniCredit purchased all of the shares at a price of 1.39 euros per share, representing a premium of 9.4% to the undisturbed closing price of the shares on the Athens Stock Exchange on October 20,

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