Non-systemic Greek lender Attica Bank on Friday announced a share capital increase of 240 million euros, with reports in the Greek capital later in the day claiming the bank will pass into private sector control on the basis of a joint proposal by the civil engineers’ fund and Ellington.
The board of the directors approved of the proposal, reports state.
According to the latest information, 1.2 new, common and nominal shares, with a right to vote, will be issued, with a nominal value of 0.20 euros per share and with an offered price of 0.20 per share.
The share capital increase will be conducted on a cash basis and with the right of preference for current shareholders of the bank.
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