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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Piraeus Bank SA Completes Acquisition Of Millenium Bank

Wednesday, 19 Jun 2013 11:44am EDT 

Piraeus Bank SA announced the completion of the acquisition from Millennium BCP ("BCP") of 100% of the share capital of its Greek subsidiary Millennium Bank SA (“MBG”), following the receipt of all required approvals. Prior to the completion of the acquisition, BCP has recapitalised MBG in the amount of EUR 274 million in addition to the EUR 139 million already contributed by BCP into MBG in December 2012, thus raising the total recapitalisation amount to EUR 413 million. 

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10:19am EDT