Hellenic Financial Stability Fund

The Hellenic Financial Stability Fund (HFSF) is one step before the complete divestment from Greece's four systemic banks, after the successful sale of all the shares it owned in Piraeus Bank.

The placements of Greek listed companies have proven a goldmine for investors, who enjoy profits of over 30% in a very short period of time.

The Greek market saw a 15-year record in acquisitions of Greek companies in 2023, according to a report by PwC Greece on Wednesday.

The extra strong interest in the placement of the Hellenic Financial Stability Fund's stake in Piraeus Bank, displayed from the first day, on Monday, has led to the sale of the entire holding of the state in the lender and at the top end of the price range, as offers exceeded 6 billion euros.

Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF).

Within the first half of 2024, the government aspires to proceed with its divestment from the two systemic banks, National and Piraeus, in which it maintains a stake, with Piraeus taking the lead immediately after the announcement of its annual results on February 24.

Several financial reporters are celebrating - some even more than the government - the "privatization" of Greece's systemic banks - those whose rescue taxpayers are still paying for.

The Hellenic Financial Stability Fund (HFSF) on Tuesday launched the book-building process to offer 20% of its equity stake in National Bank.

HFSF will offer up to 182,943,031 shares of National Bank with the option for an additional 1.99% stake.

The Hellenic Financial Stability Fund (HFSF) on Tuesday launched the book-building process to offer 20% of its equity stake in National Bank. 

HFSF will offer up to 182,943,031 shares of National Bank with the option to offer an additional 1.99% or 18,294,303 shares. 

The book-building offer foresees both domestic and international investors. 

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.