LFS: 10% of the shares of the National Bank – On October 1st, the book of offers is opened

In the final line for the disposal of shares, the procedures are introduced. His Board of Directors is expected to meet today to instruct consultant, JP Morgan, to make final contacts with investors in view of the bid book in the first week of October. The tender book is reportedly expected to open on October 1st and will close on the 3rd. 10% from 18.39% of the shares held by the National Bank of Greece are expected to be made available. The remaining percentage (8,39%) will remain under public control and will be transferred to the superfund, with the idea of being used in future if a strong strategic investor is found. At this stage, except The Capital Group Companies, Inc., no shareholder (natural or legal person) holds a percentage equal to or greater than 5% of the paid-up share capital of the National Bank. In the remaining systemic banks there is a shareholder/stakeholder with strategic participation rates (in Alpha Bank UniCredit and Reggeborgh, Piraeus Bank John Paulson and Eurobank Fairfax). 10% of the shares of the National Bank will be made available with a combined offer in Greece and abroad. The information indicates that, as in the first phase of the divestment of the EFSI last November, retail investors will be able to participate in the placement process. Specifically, the combined offer to Greece and abroad will provide that at least 15% of the issue will go to retail investors. The terms of the EIB’s position and the range of the share allocation price will be mentioned in the Prospectus to be submitted to the Securities and Exchange Commission and expected to be published on Friday, September 27.