Attica Bank Societe Anonyme Banking Company announced on 21.12.2021 that the share capital increase with cash payment and pre-emptive right in favor of the old shareholders was successfully completed by raising € 240,000,000 by issuing 1,200,000,000 new common registered shares with voting rights (the “New Shares “), with a nominal value of € 0.20 each. AXIA Ventures Group (“AXIA”) has acted as Advisor & Global Coordinator of Attica Bank in relation to its capital operations, transaction structure and strategic fundraising.
Following a series of capital actions initiated by the Extraordinary General Meeting of 15.09.2021, a combination of existing and new investors was identified that would channel new funds and set the plan for the consequent development of the Bank.
The New Shares were covered by the Financial Stability Fund (FSF), the Fund of Engineers and Public Works Contractors (TMEDE) and the Electronic National Social Security Agency (e-EFKA) while the shares that remained unallocated after the Board of Directors to investors who had expressed relevant interest until 17.12.2021 and to the company RINOA LTD in the framework of the binding basic terms agreement between TMEDE, Financial Stability Fund and the companies Ellington Solutions SA and ES GINI Investments Limited.
As of December 21, the share capital of the Bank amounts to € 244,845,889 and is divided into 1,224,229,445 common registered voting shares, with a nominal value of € 0.20 each.
Ms. Christina Anagnostara, Managing Director of AXIA Ventures Group said: “Attica Bank is a historic financial institution in the country and the largest non-systemic bank. The successful completion of its share capital increase, with the participation of private investors, not only enables The Bank’s AXIA team is extremely pleased to be a leader in this complex and strategic transaction and to “trusted both the Bank and its stakeholders as well as the local and international investment community.”
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Source From: Capital
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