Eurobank has finalised the sale of its 8.58 per cent stake in Demetra Holdings Plc, totalling 17,152,353 shares, to Logicom Services Limited for approximately €27 million (€1.55 per share).
In a statement issued on January 16, 2025, Eurobank clarified that the transaction forms part of a broader agreement with Demetra and Logicom.
This agreement also includes Eurobank’s acquisition of an additional 24.66 per cent stake in Hellenic Bank Public Company Ltd.
Under the terms, Eurobank will acquire 21.33 per cent from Demetra and 3.33 per cent from Logicom.
This segment of the agreement is expected to close by February 10, 2025, pending the necessary regulatory approvals.
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