28 May 2026
Alpha Bank launches takeover process for Alpha Trust
- RE+D Magazine
The acquisition process of Alpha Bank for Alpha Trust is in full progress, following the approval of the information memorandum by the Hellenic Capital Market Commission and the commencement of the acceptance period for the public offer.
The move is part of a broader strategy by Alpha Bank to strengthen its presence in the asset management sector, aiming to create synergies and expand its range of investment services.
Acquisition plan and strong starting position
The public offer, originally announced on 6 April 2026, concerns the acquisition of all shares of Alpha Trust. According to information provided, Alpha Bank already holds a significant advantage, having entered into share purchase agreements with key shareholders representing a total of 69.61% of the company. These agreements also include senior executives of Alpha Trust, such as the Chairman and the CEO, reflecting management’s support for the transaction.
Price and premium offered to shareholders
A central element of the offer is the cash consideration of €20.20 per share. According to bank sources, this price is considered particularly attractive, as it is:
- approximately 56% above the average market price of the last six months, and
- more than 13% higher than the valuation provided by an independent evaluator.
This substantial premium highlights the strategic importance of Alpha Trust for the Alpha Bank group, as well as the potential for further growth in services and expansion of assets under management.
Timeline of the process
The acceptance period begins on 29 May and ends on 26 June 2026, giving shareholders a four-week window to decide whether to participate in the public offer. Shareholders may submit their acceptance through their brokerage firms, while the full information memorandum is available in both printed and electronic form. It is noted that Alpha Bank will cover clearing costs, while the transfer tax remains payable by shareholders.
The results of the public offer are expected to be announced by 30 June 2026. In the event that the bank acquires more than 90% of the shares, it may exercise a squeeze-out right over the remaining shares, while minority shareholders will also have the right to exit at the same price.