Greece's bank rescue fund HFSF said on Thursday it took part in Alpha Bank's 800 million euro ($948 million) share offering partially, reducing its holding to 9% from 11% previously but remaining the bank's largest shareholder. The HFSF fund, which holds stakes in Greece's four big banks - Piraeus, National, Eurobank and Alpha - after taking part in three recapitalisations, was advised by UBS Europe and Societe Generale on its participation in Alpha Bank's equity offering. Alpha Bank's share placement with institutional investors was oversubscribed about two times and was priced at 1.0 euro per share.
ATHENS (Reuters) -Alpha Bank, one of Greece's four largest lenders, said on Friday it had hired JPMorgan and Goldman Sachs as advisers on a plan to boost capital by about 800 million euros ($980 million) to fund growth plans. "The proposed capital raising seeks to take advantage of favourable market conditions and the bank's strong financial position," Alpha Bank said in a bourse filing. The bank said it viewed prospects for the Greek economy as "especially positive" and wanted to support the government's efforts to boost economic growth and attract foreign investment.
Deutsche Bank today announced that the presentations from May 11 and 12 Depositary Receipts Virtual Investor Conference ("dbVIC") are now available for on-demand viewing. The event featured presentations from international companies with American Depositary Receipt (ADR) programs in the US.