Logicom Public Limited has announced the completion of the sale of 13,729,704 shares, representing a 3.326 per cent stake in Hellenic Bank, held by its subsidiary Logicom Services, to Eurobank S.A.

From the sale of its shares in Hellenic Bank, Logicom secured a total sum of €66,492,956.47, as the agreement with Eurobank S.A. was set at a price of €4.843 per share.

Following its previous announcement on November 25, 2024, Logicom Public Limited confirmed that its subsidiary, Logicom Services Limited, has officially concluded the transaction with Eurobank S.A.

The deal involved the sale of 13,729,704 shares in Hellenic Bank, equivalent to 3.326 per cent of the bank’s share capital, for a total of €66,492,956.47 at a price of €4.843 per share.

Meanwhile, Logicom Public Limited also announced the resignation of Linos Chrysostomou from his position as a non-executive independent director of the company’s board of directors on February 8, 2025.

Consequently, he has also stepped down as a member of the risk management committee.