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AXIA acts as Joint Global Coordinator and Joint Bookrunner in Eurobank’ s Sale of €178.2M Grivalia Properties Shares

AXIA acts as Joint Global Coordinator and Joint Bookrunner in Eurobank’ s Sale of €178.2M Grivalia Properties Shares

Eurobank Ergasias S.A. (“Eurobank”) announced earlier this week the successful placement of €178.2 million worth of shares in Grivalia Properties REIC S.A. (“Grivalia Properties”), representing approximately 20% of the total shares outstanding. Eurobank disposed of its entire 20,252,001 shares in Grivalia Properties via an institutional private placement by way of an accelerated bookbuild offering to institutional investors, at a price of €8.80 per share (the “Placement”).

Strong foreign institutional demand resulted in quick coverage of the offering, within a few hours, at a discount of less than 3% to the previous closing price.

The Placement was designed to fulfil Eurobank’ s restructuring plan as agreed with the European Commission. The transaction will be capital accretive for Eurobank and further enhance its CET 1 capital.

HSBC Bank plc, AXIA Ventures Group Ltd and Eurobank Equities Investment Firm S.A. acted as Joint Global Coordinators and Joint Bookrunners for the Placement.

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