Economy · Greece

CrediaBank sees strong international interest in private placement, free float rises to 47%

2 sourcesFirst reported 7 days agoUpdated 6 days ago

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CrediaBank has attracted strong international interest in its recent private placement, which was completed successfully on July 14.
The placement saw the order book covered in just 20 minutes, indicating high demand and oversubscription.
Thrivest Holding acquired a 24% stake in the bank, contributing to an increase in free float to 47%.
Approximately 70% of the shares allocated went to long-term investment portfolios, enhancing the bank's shareholder base.
This development is expected to improve the bank's standing in international markets.

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AI summary: catch up in 20 seconds

CrediaBank has attracted strong international interest in its recent private placement, which was completed successfully on July 14.
The placement saw the order book covered in just 20 minutes, indicating high demand and oversubscription.
Thrivest Holding acquired a 24% stake in the bank, contributing to an increase in free float to 47%.
Approximately 70% of the shares allocated went to long-term investment portfolios, enhancing the bank's shareholder base.
This development is expected to improve the bank's standing in international markets.

Generated by AI from the 2 sources below · always verify with the originals