Wargaming Group announces agreement to sell Hellenic Bank share to Eurobank

Wargaming Group Limited on Friday announced that on November 30 2022,  it reached an agreement to sell a holding of 13.41 per cent (55,337,721 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”) to Eurobank S.A. for a consideration of €70 million (€1.265 per share).

“The sale is subject to Eurobank S.A. obtaining all required regulatory approvals and it will be completed upon their full fulfilment,” the company said.

“Until that time, Wargaming Group Limited shall have the full legal and beneficial ownership of the shares agreed to be sold together with all rights attached thereto,” it added.

Moreover, according to the announcement, the company’s shareholding in Hellenic Bank currently stands at 20.60 per cent, including the 0.41 per cent holding of Hellenic Bank shares held by provident funds related to directors and top management of the company.

Following the completion of the agreed sale, the company will remain a significant shareholder in Hellenic Bank with a shareholding of 7.20 per cent, including the 0.41 per cent holding of Hellenic Bank shares held by provident funds related to directors and top management of the Company.

“Wargaming Group Limited has invested in Hellenic Bank since the 2013 crisis and has participated in all share capital increases of the bank since,” the company said.

“Hellenic Bank has evolved throughout the last 9 years since Wargaming’s investment in the bank to a more robust, healthier and bigger banking and financial services group,” it concluded.