Eurobank Sells 8.58% Stake in Demetra Holdings to Logicom for €27 Million
Strategic Agreement Includes Acquisition of 24.66% Stake in Hellenic Bank
On January 16, 2025, Eurobank completed the sale of its 8.58% stake (17,152,353 shares) in Demetra Holdings Plc to Logicom Services Limited for approximately €27 million, equivalent to €1.55 per share.
This transaction is part of a broader strategic agreement between Eurobank, Demetra Holdings, and Logicom. In addition to this sale, the agreement includes Eurobank acquiring an additional 24.66% stake in Hellenic Bank Public Company Ltd. This stake comprises:
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21.33% from Demetra Holdings
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3.33% from Logicom
The completion of this phase of the agreement is expected by February 10, 2025, subject to obtaining the required regulatory approvals.