Athens Exchange

HFSF to sell 20% of equity stake in National Bank

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. 

ATHEX: Lenders steal show at the Greek bourse

The stocks of Greek banks sent turnover at the local bourse soaring on Monday, as they accounted for about 90% of the nearly 400 million euros traded at Athinon Avenue on the day, helped by the divestment of the Hellenic Financial Stability Fund from Alpha and National. Prices varied, with winners edging out the losers by the smallest of margins.

ATHEX: Four-week rising streak snapped

The decline of the benchmark at Athinon Avenue continued on Friday for a fourth day in a row, only this time at an accelerated pace and with twice as many stocks declining as those that reported growth. The main index was down by as much as 1.55% at one point during the session, exercising some damage limitation toward the end.

ATHEX: Investors focusing on stock picking

For the third day in a row the benchmark of the Greek stock market closed with losses that affected half the board's stocks. However, on Thursday the turnover was significantly increased compared to previous days. Banks led the decline, with the exception of National Bank, while corporate results continued to dictate the moves of investors.

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