Lyktos transfers shares in Pancreta Bank to Thrivest; latter now holds more than 43% of non-systemic Greek lender

Lyktos Group, controlled by well-known Greek banking executive Michalis Sallas, has de-invested from non-systemic Pancreta Bank, following this week’s formal transfer of shares – totaling an 11.25-percent stake – from the former to Thrivest Investments.

The development leaves Thrivest, controlled by a trio of major investors, namely, Dimitris Bakos, Giannis Kaimenakis and Alexandros Exarchos, with more than 43 percent of Pancreta Bank’s share capital.