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Foreign investors snap up new Eurobank shares

It took Eurobank just four hours to fill its book with adequate offers for its approximately 2.5-billion-euro share capital increase from foreign investors on Friday, as investors offered 1.24 billion euros to add to the 1.33 billion that the consortium led by Fairfax has tabled.

Sources said that there was also strong interest from Greek institutional investors for the remaining 10 percent of the share increase that is to be distributed within Greece.

The bank’s expectations are now for a price of 0.32-0.33 euros per share, against an original rate of 0.30 euros.

ekathimerini.com , Friday April 25, 2014 (20:06)  
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