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    EUROB   GRS323003012

EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.

(EUROB)
  Report
Real-time Estimate Tradegate  -  12:44:39 2023-01-27 pm EST
1.189 EUR   +1.28%
01/20Eurobank Ergasias Services And S A : issues Ç500 million in senior preferred debt
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01/20Eurobank Ergasias Services And S A : Announcement - Eurobank issues Euro 500 million in senior preferred debt
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2022Eurobank Ergasias Services And S A : Announcement - Eurobank announces the acquisition of α 3.2% holding in Hellenic Bank
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Greece's Eurobank to buy additional 13.4% stake in Cypriot Hellenic Bank

12/01/2022 | 02:31am EST
FILE PHOTO: A man walks outside a Eurobank branch in Athens

ATHENS (Reuters) - Eurobank, one of Greece's largest lenders, said on Thursday it agreed to acquire an additional 13.4% stake in Cypriot Hellenic Bank from Wargaming Group Ltd for 70 million euros ($73.15 million).

The Greek lender, with a current market value of 4.04 billion euros, holds 12.6% in Hellenic Bank. Post the completion of the transaction, Eurobank's total holding in Hellenic Bank will amount to 26.0%.

The acquisition is aligned with Eurobank's strategy to further strengthen its presence in its core markets and "is a vote of confidence to the positive prospects of the economy of Cyprus", Eurobank said in a statement.

The acquisition is subject to regulatory approvals, and until that time, Wargaming Group will have the full legal and beneficial ownership of the 55.37 million shares agreed to be sold, it added.

($1 = 0.9569 euros)

(Reporting by George Georgiopoulos; Editing by Rashmi Aich)


ę Reuters 2022
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Analyst Recommendations on EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.
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Financials
Sales 2022 2 462 M 2 672 M 2 672 M
Net income 2022 1 141 M 1 239 M 1 239 M
Net Debt 2022 - - -
P/E ratio 2022 3,67x
Yield 2022 3,04%
Capitalization 4 356 M 4 727 M 4 727 M
Capi. / Sales 2022 1,77x
Capi. / Sales 2023 1,94x
Nbr of Employees 11 676
Free-Float 66,5%
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Technical analysis trends EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 1,17 €
Average target price 1,46 €
Spread / Average Target 24,4%
EPS Revisions
Managers and Directors
Fokion C. Karavias Chief Executive Officer & Director
Charalampos Harris V Kokologiannis Chief Financial Officer & GM-Group Finance
Georgios P. Zanias Non-Executive Chairman
Stavros Ioannou Group COO, Director & Deputy CEO
Jawaid Ahmed A. H. Mirza Independent Non-Executive Director