A public offering for 21 million new Optima Bank shares has been reportedly over-subscribed three-fold, according to reports early Friday afternoon, with offers by would-be investors exceeding 450 million euros.
The non-systemic Athens-based bank has ascribed a value of 151 million euros for the tranche of offered shares, which account for 28.5 percent of its total share capital.
The listing of Optima Bank on the Athens Stock Exchange (ATHEX) will mark the first time in 17 years that a financial institution will be listed.
In terms of preferred investors, Ireon Investments, a subsidiary of Greek refinery and petrochemical conglomerate Motor Oil, will acquire a 10-million-euro stake in Optima; 21 million euros is the amount to be invested by Reggeborgh, which translates into roughly 4 percent of shares.
Additionally, Fiera Capital will invest 15 million euros in the public offering.
An official announcement regarding the results of the public offering is set for roughly 18.00 Athens time (16.00 GMT).
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Real Estate Insights: Athens’ Top Areas with the Highest Yields
In the first quarter of 2024, Korydallos in the Piraeus region and the burgeoning Attiki Square retain their top spots with impressive yields of 6.3%
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
