Athens Exchange
HFSF-NBG book-building process begins
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.
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ATHEX: Banks bring fresh growth to the bourse
Stocks soared on Tuesday at Athinon Avenue, with traders shifting most of their attention to banks, which saw their index jump by almost 6% driven by the huge interest in the public offering of National Bank.
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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.
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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.
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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.
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Greece starts process to sell 20% stake in National Bank
Greece on Monday announced plans to sell a 20% stake in the National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders.
HFSF seeks best possible bids for NBG and Alpha stakes
Bank bailout fund (HFSF) executives have been working on two fronts.
Over the weekend they sought that UniCredit improve its offer for 8.9% of Alpha Bank, as the competitive process was completed last Friday without another offer submitted.
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.
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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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ATHEX: Another day with stocks in dead heat
Wednesday's session at the Greek stock market was a mirror image of the day before, as the main index again posted small losses, while mid-caps outperformed and winning stocks were level with those that declined for a second day in a row.
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