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Eurobank Ergasias SA (EURBr.AT)

EURBr.AT on Athens Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Eurobank Ergasias SA sells insurance unit to Fairfax for 316 million euros
Tuesday, 22 Dec 2015 02:59am EST 

Eurobank Ergasias SA:Sells an 80 percent stake in its insurance arm Eurolife ERB to Canada's Fairfax Financial Holdings for 316 million euros.The deal, part of Eurobank's restructuring plan, is in line with the bank's strategy to gradually exit from non-banking operations and focus on core banking.  Full Article

Eurobank Ergasias SA raises its stake on Nireus to 16.04 percent
Wednesday, 2 Dec 2015 09:47am EST 

Nireus Aquaculture SA:Says Eurobank Ergasias SA raises its stake on Nireus from lower than 5.00 to 16.04 percent.  Full Article

Eurobank Ergasias SA -S&P raises rating on Greek lenders Alpha Bank SA, Eurobank Ergasias SA to 'SD' - RTRS
Thursday, 26 Nov 2015 07:00pm EST 

Eurobank Ergasias SA:Standard & Poor's on Friday raised its rating on Greece's Alpha Bank ACBr.AT and Eurobank EURBr.AT to 'SD' (selective default) from 'D' (default) after the two banks successfully raised funds to plug capital shortfalls revealed in a European Central Bank stress test.- RTRS.  Full Article

Eurobank Ergasias SA -Greece's Alpha concludes sale of Bulgarian unit to Eurobank - RTRS
Thursday, 5 Nov 2015 07:00pm EST 

Alpha Bank SA:Greek lender Alpha Bank said on Friday it had concluded a deal to sell its Bulgarian operations to Greek peer Eurobank. -RTRS.In July, Eurobank's Bulgarian subsidiary Postbank struck a preliminary deal to acquire Alpha's business in the country, which had assets of 464 million euros and a retail network of 82 branches at the end of September. -RTRS.Under the deal, Postbank bought Alpha's loss-making Bulgarian branch network for 1 euro. -RTRS.The acquisition will help Postbank strengthen its position in the Bulgarian banking sector, becoming the fourth biggest Bulgarian bank in terms of deposits and loans. -RTRS.  Full Article

Eurobank Ergasias SA -S&P Downgrades Eurobank To 'D' On Distressed Exchange - DJN
Tuesday, 3 Nov 2015 07:00pm EST 

Eurobank Ergasias SA:We are lowering the rating on Eurobank to 'D' (default) from 'SD' (selective default). - DJN.We also lowered our issue ratings on the bank's senior unsecured debt to 'D' from 'CCC-' and our subordinated debt ratings to 'D' from 'C'. - DJN.  Full Article

Eurobank Ergasias SA -Greece's Eurobank plans share offering of up to 2.1 billion euros to boost capital - RTRS
Monday, 2 Nov 2015 07:00pm EST 

Eurobank Ergasias SA:Greece's third largest lender Eurobank will hold an extraordinary shareholders meeting on Nov. 16, seeking approval for a share offering of up to 2.12 billion euro to boost its capital, the bank said on Tuesday - RTRS.  Full Article

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