With great success and a record excess of subscriptions, 12 times, according to information, the National Bank’s book of placement offers for the allocation of 10% held by FEFG was closed today, with offers exceeding eight billion euros, constituting a vote of confidence in the prospects of the National Bank and the Greek economy in general.
The new divestment of FHEF by the National Bank would have attracted the interest of major long-term investors at a time of geopolitical challenges due to developments in the Middle East, at a much higher price compared to last November’s placement. In particular, with regard to the price, it “stuck” at 7.55 euros, after the new announcement of the Financial Stability Fund (HFS), which followed the narrower band. The allocation will be 85% for international investors and 15% for Greeks.
Tomorrow there will be official announcements from FEFG and Banco Nacional on the final offer price and the result of the public offer.
8.3% of the bank now remains in the possession of FEFG.
Source: RES/MPE
