CrediaBank combined offering of 375,000,000 new shares oversubscribed
CrediaBank is a Greek bank that is confirmed to acquire the 70.03% of HSBC Malta by Q1 of 2027 subject to all required regulatory approvals
by Paul Cocks
CrediaBank S.A. has announced the successful completion of the Combined Offering of 375,000,000 new, common, registered, dematerialized, voting shares, with a nominal value of €0.05 each, issued by the company through a public offering in Greece to retail investors and qualified investors and a private placement outside Greece that does not constitute a public offering, at an offering price of €0.80 per new share.
The combined offering attracted broad participation from domestic and international investors.
CrediaBank is a Greek bank that is confirmed to acquire the 70.03% of HSBC Malta by Q1 of 2027 subject to all required regulatory approvals.
The total valid demand expressed by investors participating in the combined offering amounted to 1,419,357,928 shares, corresponding to an amount of €1,135,486,342.40, oversubscribing the 375,000,000 new shares offered by approximately 3.8 times.
75,000,000 new shares are allocated to investors in the Greek Public Offering, and 80%, corresponding to 300,000,000 new shares, are allocated to investors in the International Offering.
Detailed information regarding the allocation to the various categories of investors will be announced within the timeframe provided for in the applicable provisions. The Company will inform the investing public on the delivery of the new shares to the beneficiaries and the commencement of trading thereof in a subsequent announcement.
Crediabank CEO Eleni Vrettou said that the unprecedented success of share capital increase marks a milestone in the Bank’s growth trajectory and represents a strong vote of confidence in both the Bank’s prospects and the economies of the two fastest-growing markets in Europe, Greece and Malta.
“The significant oversubscription of the order book by approximately 3.8 times, from both top quality international investors as well as retail and institutional investors in Greece, is the strongest recognition of our efforts over the past three years, while also placing on us an even greater responsibility to continue, with consistency, dedication, and determination, to create long-term value for all our shareholders,” she said .
“The substantial strengthening of our capital position through this transaction enables us to accelerate our growth by continuing to support the real economy, capitalize on strategic opportunities through partnerships and acquisitions from a position of strength, while enhancing the free float and liquidity of our shares, thereby establishing a banking organization with an international orientation and continuously growing prospects.”
