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Piraeus Bank SA Announces Results Of Mandatory Public Offer For The Acquisition Of Remaining Shares Of General Bank of Greece SA


Thursday, 4 Apr 2013 02:38am EDT 

Piraeus Bank SA (the Offeror) announced results of its December 17, 2012, Mandatory Public Offer for the acquisition of the remaining shares of General Bank of Greece SA (Geniki Bank). 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 started on March 5, 2103 and ended on April 2, 2013. During the Acceptance Period 97,233 were offered, equal to 0.14% of the total share capital. The remaining shareholders have the right to sell their shares to the Offeror at the price of EUR 6.86 per share during a period of three months.