At the forefront of interest is the Alpha Bankamid shareholding.
Yesterday, through an Accelerated Book Building process, US billionaire investor John Polason, who had landed in the Greek market for 12 years, investing in Piraeus Bank, Alpha Bank and EYDAP, resigned his participation in Alpha Bank, proceeding to about 53 million.
The bank’s 57 million shares (Alpha Bank’s 2.4%), and again by Polason’s interest company, PCO AP Financing, had preceded the month. Yesterday’s process was ran by Swiss UBS, with Guidance for the sale price of 2,219 per share. It is noted that recently Paulson had also sold 170 million shares of Piraeus Bank, reducing its proportion of just over 18%to about 14%.
Paulson’s departure from Alpha Bank renders very interesting developments, as the Bank has strategic cooperation with the Unicredit Italian group, which holds 9%, on the other hand, the other largest shareholder, Henry Holterman of Reggeborgh, is awaiting the Fit & Proper. Its goals for increasing its percentage by up to 20%, according to information in circulation.
Alpha Bank pulled the headlights on it at the Morgan Stanley investment conference in London, with the bank’s administrative team, led by V. Psaltis and L. Papagaryfalou meeting with more than 70 investors.
Investors have shown a strong interest in working with Unicredit, both in the level of products and services and equity, asking questions about the possibility of increasing the participation of the Italian group in Alpha Bank.
Investors were interested in the bank’s guidance on fixed interest revenue, despite falling interest rates, discussed strategic benefits from the acquisition of Astro Bank’s banking business in Cyprus and showed interest in the refund plans announced by the Alpha Bank administration. Alpha Bank’s proposal to allocate 75% of the amount of shares in 2024 received a very positive response.
Investors have a positive welcome that Alpha Bank’s management strategy had to boost the bank’s market share to large corporate customers (Large Corporates), ensuring revenue not only from funding but also by providing additional services through the interconnection with the Unicredit platform in 13 European countries. In addition, the response was also positive to the initiative to boost the Bank’s presence in small and medium -sized enterprises, with the provision of new products and services after the acquisition of FlexFin.