Key Developments: Eurobank Ergasias SA (EGFEY.PK)

EGFEY.PK on OTC Markets Group

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23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Eurobank Ergasias SA terminates agreement with Delta Bank Group to sell its subsidiary
Tuesday, 23 Sep 2014 10:59am EDT 

Eurobank Ergasias SA:Announces that it did not receive necessary approvals by the competent authorities to sell its Ukrainian subsidiary, PJSC Universal Bank, to Delta Bank Group, consequently Eurobank Ergasias SA decided to terminate the agreement.  Full Article

Eurobank Ergasias SA enters into agreement to sell its subsidiary
Monday, 18 Aug 2014 03:38am EDT 

Eurobank Ergasias SA:Announces that it has entered into an agreement with entities of the Ukrainian Delta Bank Group for the disposal of its Ukrainian subsidiary PJSC Universal Bank and the transfer of Ukrainian assets a total consideration of 95 million euros.Says the transaction, which will have negative impact of around 5 basis points on Turobank's Common Equity Tier 1 ratio, is expected to close within 2014 and is subject to customary conditions for this type of transactions and the necessary approvals by the competent authorities.  Full Article

Eurobank Ergasias SA issues 500 million euros senior unsecured bonds
Wednesday, 18 Jun 2014 08:00pm EDT 

Eurobank Ergasias SA:Says it has issued 500 million euros senior unsecured bond, aiming to raise medium term funds for the Bank's general liquidity purposes.Says the issue is in Euro with a tenor of four years and an annual fixed coupon of 4.25percent.The bond was priced at 99.55.  Full Article

Moody's Investors Service, Standard & Poor's and Fitch Ratings assigns ratings to Eurobank Ergasias SA
Friday, 13 Jun 2014 03:04am EDT 

Eurobank Ergasias SA:Says that the company has been assigned Caa2/Positive Outlook by Moody's Investors Service, CCC+/Stable Outlook by Standard & Poor's and B-/Stable Outlook by Fitch Ratings.  Full Article

Eurobank Ergasias SA announces investors of 2,864 million euros share capital increase
Tuesday, 15 Apr 2014 11:44am EDT 

Eurobank Ergasias SA:Has signed an agreement with a group of investors in relation to its capital increase to raise 2,864 million euros through the issuance of new shares at a price of 0.30 euro per new share.The aggregate commitments of all Investors amount to approximately 1,332 million euros, representing approximately 46.5 percent of the capital increase at the investor price.Fairfax Financial Holdings Limited will invest 400 million euros.WLR Recovery Fund V, L.P. and/or other investment vehicles managed by WL Ross & Co. LLC will invest 37.5 million euros.Capital Research and Management Company will invest 556,801,260 euros.Mackenzie Financial Corporation will invest 172,000,000 euros.Fidelity Management & Research Company will invest 115,500,000 euros.Brookfield International Bank Inc will invest 50,000,000 euros.  Full Article

Eurobank Ergasias SA announces share capital increase for 2.864 billion euros
Saturday, 12 Apr 2014 08:11am EDT 

Eurobank Ergasias SA:Announces the increase of its share capital of up to 2,864,000,000.10 euros through payment in cash or/and contribution in kind, the cancellation of the preemption rights of the bank’s ordinary shareholders and the issuance of up to 9,546,666,667 new shares, of a nominal value of 0.30 euro each.The proceeds will be used to increase the Tier I Capital.  Full Article

Eurobank Ergasias SA announces capital increase to raise up to 3 billion euros
Friday, 4 Apr 2014 10:49am EDT 

Eurobank Ergasias SA:The board has resolved to call an Extraordinary General Meeting on April 12 to approve a share capital increase via a non pre-emptive issue of new Eurobank ordinary shares for a maximum amount of 3 billion euros.  Full Article

Eurobank Ergasias SA postpones share capital increase
Thursday, 13 Mar 2014 07:32am EDT 

Eurobank Ergasias SA:Announces that following consultation with the Hellenic Financial Stability Fund, it decided to postpone its decision on convening the General Meeting on the share capital increase.  Full Article

Eurobank Ergasias SA to decide over 2.945 billion euros share capital increase
Friday, 7 Mar 2014 03:24am EST 

Eurobank Ergasias SA:Announces that its board has already been convened to decide, on the convocation of an EGM, for a share capital increase that will fully cover the basic capital needs of the Bank, which under the base scenario of the above exercise amount to 2.945 billion euros.  Full Article

Eurobank Ergasias SA announces completion of share capital increase and sale of rights to Fairfax Financial Holdings Limited subsidiaries
Tuesday, 21 Jan 2014 12:29pm EST 

Eurobank Ergasias SA:Says that pursuant to the relevant investment agreement between Eurobank and Fairfax, on Jan. 21, Fairfax subsidiaries acquired from Eurobank the 33,888,849 pre-emption rights regarding the share capital increase of Eurobank Properties REIC which is in process.Says total consideration, as already announced, amounted to 19,994,420.90 euros, i.e. 0.59 euro per pre-emption right.  Full Article

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