Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank owned by the Hellenic Financial Stability Fund (HFSF) with a price range of 3.7-4.0 euros.
The book building process is expected to open on Monday offering a 22% stake in Piraeus Bank that the Hellenic Financial Stability Fund owns and after this percentage is covered, an additional 5% of the Fund’s shares will be made available.
BofA, Goldman Sachs, UBS, Morgan Stanley, JP Morgan, HSBC, Euroxx, Axia, Piraeus AXE will probably be appointed as bookrunners, with Bank of America acting as international coordinator.
