Piraeus Bank ups stake in MIG to 60.20%
Piraeus Bank ups stake in MIG to 60.20%
  Listed  |  Economy  |  Greece

Piraeus Bank ups stake in MIG to 60.20%

RE+D magazine
30.03.2023

Piraeus Bank increased its stake in MIG to 60.20%.

According to the provisions of article 24 paragraph 2(a) of the Law 3461/2006, and further to the 09.02.2023 publication of the mandatory tender offer of Piraeus Bank S.A. to MIG Holdings S.A. (the “Company”) shareholders for the acquisition of the total number of common registered voting shares they hold, Piraeus Financial Holdings S.A., parent entity of Piraeus Bank, notifies that the latter acquired on 29 March 2023 through the Athens Stock Exchange, 5,329,641 shares of the Company, at the price of €0.2170 per share, which equals the mandatory tender offer price. The acquired shares correspond to 0.5673% of the Company’s voting rights.

Following the acquisition, Piraeus Bank holds 565,628,413 ownership rights, corresponding to 60.2046% of the total voting rights of the Company.