Piraeus Bank raises 1.38 bln in share capital increase

EconomyBanking Tags: Banking, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.

Following a three-day book-building process, Piraeus set the offer price at 1.15 euros per new share on Friday, after setting the initial price offer range between 1 euro and 1.15 euros. The bank said the offering of 1.2 billion new shares “attracted a ...

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