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Piraeus Bank SA Announces Further Details Regarding The Mandatory Public Offer For The Acquisition Of The Remaining Shares Of General Bank of Greece SA (Geniki Bank)


Friday, 1 Mar 2013 07:19am EST 

Piraeus Bank SA (the Offeror) announced a Mandatory Public Offer for the acquisition of the remaining shares of General Bank of Greece SA (Geniki Bank) against the consideration of EUR 6.86 in cash per share. On December 17, 2012, the Offeror owned directly and indirectly 17,137,709 shares, representing 99.08% of the total issued share capital of Geniki Bank. The Public Offer relates to the remaining 159,731 shares of nominal value EUR 5.80, representing the 0.92% of the share capital of Geniki Bank SA. The Acceptance Period starts on March 5, 2103 and ends on April 2, 2013. The Offeror will not exercise the squeeze-out option for the acquisition of any remaining shares. 

Company Quote

1.73
-0.04 -2.26%
7:48am EDT