With 12 million euros, the American fund Fiera Capital will enter the share capital of Attica Bank, acquiring a part of AMK’s unused 60 million euros, according to the bank’s announcement.
According to the same information, the bank’s board of directors met on Tuesday afternoon to approve the entry of two American funds into the share capital increase of 735 million euros that is underway and should be completed at the end of October .
The entry that was “blocked”, however, is that of Fiera – an institutional investor known to the Greek public for a series of placements such as the divestment of National Bank, Optima Bank AMC, Piraeus Bank, etc. Fiera Capital (UK) Limited is a leading independent asset management firm, managing over US$116.1 billion in assets as of June 30, 2024.
It should be noted that Fiera’s participation will slightly reduce the percentage that will be assumed by AMK’s main private investor, Thrivest (participations of Exarchos-Bakou-Kaymenakis), which according to the prospectus is expected to contribute 120 million euros in cash and up to 60 million of euros of unused funds. If a second fund enters AMK, Thrivest’s percentage will decrease even further, however, in any case, it will significantly exceed 50% plus a quota, which is the minimum participation limit for the private shareholder – and the one that will guarantee controlling interest in the bank non-systemic.
OR Eleni Brettou, The CEO of Attica Bank Group said: “We are particularly pleased that Fiera Capital has expressed its interest in participating in the recapitalization process of Attica Bank. Their interest is an important vote of confidence in the bank’s strong transformation efforts and, in general, in the Greek economy.”