BUSINESS

Eurobank calls general meeting to approve share increase

The countdown for Eurobank’s share capital increase started on Friday with a board meeting that decided to call an extraordinary general meeting for next Saturday, April 12.

The main subject of the meeting will be the 3-billion-euro capital increase and its approval is a mere formality given that 95 percent of shares belong to the HFSF bank rescue fund.

The price of the new shares will be at least the same as the nominal value – i.e. 0.30 euros.

HFSF has already selected Morgan Stanley and Lazard as independent counselors to assess the value of the lender.

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