**Alpha Bank Secures Controlling Stake in Alpha Trust Holdings**
Alpha Bank S.A. has announced a significant development in its acquisition strategy, confirming that it has secured a controlling stake of 69.61 percent in Alpha Trust Holdings S.A. This milestone was achieved through a voluntary public takeover offer, which is now set to be completed following the successful acquisition of shares.
The announcement, made on Thursday, pertains to Alpha Bank's voluntary public offer directed at all holders of ordinary registered voting shares of Alpha Trust Holdings. The terms of this offer were detailed in an information circular published on May 27, 2026.
On June 24, 2026, during the acceptance period for the public offer, Alpha Bank executed an over-the-counter acquisition of shares as outlined in the Share Purchase Agreement referenced in the information circular. This transaction involved the purchase of 2,193,345 shares, which equates to 69.61 percent of the total paid-up share capital and voting rights of Alpha Trust Holdings. The shares were acquired at a price of €20.20 per share.
The acquisition fulfills a critical condition for the completion of the public offer, as specified in section 1.18 of the information circular. This condition required Alpha Bank to obtain a minimum of 2,100,601 shares, corresponding to 66.67 percent of the voting rights of Alpha Trust Holdings. With the completion of this transaction, Alpha Bank has surpassed this threshold, confirming its effective control over the investment group.
As a result of this acquisition, Alpha Bank, along with associated parties, now collectively holds 2,193,345 shares in Alpha Trust Holdings. This substantial holding not only grants Alpha Bank a controlling interest but also positions the bank to influence the strategic direction of the Greek investment group.
This move is part of Alpha Bank's broader strategy to enhance its investment portfolio and strengthen its market position within the financial sector. The successful completion of the takeover is anticipated to provide Alpha Bank with new opportunities for growth and expansion in the investment landscape.
The acquisition is expected to have implications for both Alpha Bank and Alpha Trust Holdings, potentially leading to a re-evaluation of business strategies and operational synergies between the two entities. As the takeover progresses, stakeholders will be keenly observing how this development will shape the future of both organizations.
In conclusion, Alpha Bank's acquisition of a controlling stake in Alpha Trust Holdings marks a significant step in the bank's ongoing efforts to solidify its presence in the investment sector. The successful completion of this public takeover offer is poised to pave the way for new strategic initiatives and collaborative opportunities in the near future.