Eurobank eyes CSE listing post-Hellenic Bank acquisition
Deal News | Jun 27, 2025 | EIN
Eurobank announced its intention to explore a parallel listing on the Cyprus Stock Exchange (CSE) following its acquisition of Hellenic Bank. This marks a significant foreign investment in Cyprus, aligning with Eurobank's strategic commitment to the Cypriot economy and local capital market development. The CSE confirmed the delisting of Hellenic Bank shares effective June 30, 2025. Eurobank, having exercised squeeze-out rights, now fully owns Hellenic Bank and paid €4.843 per share. Plans for listing on the CSE, pending necessary approvals, aim to consolidate regional presence and strengthen Greek-Cypriot market integration. Eurobank’s shares will initially trade on the Athens Stock Exchange post its merger by absorption in late 2025. The Cyprus Chamber of Commerce and Industry welcomed the move, seeing it as a positive signal for the local capital market.
Sectors
- Banking and Financial Services
- Stock Exchange and Securities
Geography
- Cyprus – The article focuses on Eurobank's acquisition of Hellenic Bank and its subsequent listing plans on the Cyprus Stock Exchange, highlighting its strategic investments in Cyprus.
- Greece – Eurobank is based in Greece, and its strategic moves intend to strengthen Greek-Cypriot market integration.
Industry
- Banking and Financial Services – The article discusses Eurobank's acquisition of Hellenic Bank and subsequent strategic actions, which directly relate to the banking and financial services industry.
- Stock Exchange and Securities – Involves Eurobank's plans to list on the Cyprus Stock Exchange and the delisting of Hellenic Bank, key activities in the stock exchange and securities sector.
Financials
- 4.843 – Price per share Eurobank paid in cash for the acquisition of Hellenic Bank.
- 8.27 million – Number of Hellenic Bank shares transferred to Eurobank as part of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eurobank | Bidding Company/Buyer | Company | Acquirer of Hellenic Bank, now exploring listing on the Cyprus Stock Exchange. |
| Hellenic Bank | Target Company | Company | The bank acquired by Eurobank, to be delisted from the Cyprus Stock Exchange. |
| Cyprus Stock Exchange (CSE) | Other Company | Company | Platform where Eurobank aims to list and where Hellenic Bank will be delisted. |
| Cyprus Chamber of Commerce and Industry (Keve) | Other Company | Company | Supports Eurobank's intention to list on the Cyprus Stock Exchange. |