Home Economy Pancreatia Bank: AMK background, TtE role and Lyktos fold

Pancreatia Bank: AMK background, TtE role and Lyktos fold

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Pancreatia Bank: AMK background, TtE role and Lyktos fold

From 65 million euros Prosperity Holdingbusiness interests D. Baku, G. Kaymenaki and A. Exarchou, acquired all unallocated, from the first round of capital increase, new shares of Pankritia Bank and thus became its largest shareholder with a share of 32.38%. At the same time, the circles of the three businessmen note that the investment interest they have shown in the former Cooperative Bank of Serres, and now in Central Macedonia, also remains. With the participation of Thrivest, the total amount raised by Pancreatia is 98.7 million euros and thus receives the funds necessary to carry out its business plan. Recall that the former cooperative bank, now an anonymous company, has acquired Bank of Chania, while negotiations are underway to acquire the Greek operations of HSBC.

The circles of the Bank of Greece administration, who have closely followed the whole process and have positively assessed the Thrivest initiative, announce “K” is particularly satisfied with the development, noting that new paths are opening up for Pankritia, as well as for the Greek banking system in general, and in combination with the upcoming events in the Bank of Central Macedonia, a new pole that can increase competition in the Greek market. is being formed.

Sources with knowledge of what used to be explain “K” that D. Bakos, G. Kaimenakis and A. Exarchu soon after showing interest in the Bank of Central Macedonia “learned also about the prospect of their penetration into Pancreatia.” “Moving quickly and methodically, they seized and established control of the bank,” refer to “K” the same sources.

Mr Bakos, Kaimenakis and Exarchu, who earlier this year also acquired a 31.7% stake in the listed construction company Intrakat (where they began a $100 million capital increase on Monday), as well as controlling energy company Volton, now form a group with activities ranging from shipping, construction, real estate and concessions to tourism, renewable energy and now banking. They say their investment in Pankritia, a move that was evaluated, launched and developed in less than two months, reflects their confidence “in the bank’s prospects to claim an important role in the new banking environment in order to support the Greek business community. both in Crete and throughout Greek territory.

After the capital increase, Thrivest Holding controls 32.38% of Pankritia Bank.

Until now, the largest shareholder of Pankritia, Lyktos Group, interests of Michalis Salla, has not exercised its rights in the first round of increase, which corresponded to approximately 20% of the authorized capital, and is now limited to a share of 11.2%. (also acquiring a stake in ANEK). Lyktos Management Circles announce “K” Satisfied that the capital increase was covered, adding that Lyktos’ participation in the cooperative and the steps it has taken have helped generate appropriate investment interest. “Over the last period, since the summer, we became aware of the existence of an investment interest and decided not to exercise our rights in order to allow this interest to manifest itself without our participation in an increase that limits the percentage available to potential investors. . As we found in recent days that this interest was alive and well, we did not move forward with the proposal that the bank could acquire one major shareholder and that there should not be two poles in the general meeting, ”they say. It is noted that in the first round of capital disposal, $34.78 million was raised with the participation of investors, including the Mundrea group, which acquired a stake controlled by Theodoros Angelopoulos.

Author: Ilias Bellos

Source: Kathimerini

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