HFSF reaches agreement with private investors TMEDE and Ellington Solutions S.A.
The Hellenic Financial Stability Fund, successfully completed its exclusive negotiations with the private investors TMEDE and Ellington Solutions S.A., who agreed to participate in the planned share capital increase of Attica Bank along with HFSF.
The cooperation with the private investors
aims at the joint development of Attica Bank on the basis of a new business plan
capable of creating value for the Fund’s investment.
Ensuring the growth of the banking system is one of the Fund’s key priorities, which will also be applied in the case of Attica Bank, proving HFSF's complete and substantial commitment to its mission.
HFSF's financial advisors were Akinn Group, Houlihan Lokey and
PricewaterhouseCoopers Business Solutions S.A. and as legal advisors the Fund had
the law firms Clifford Chance LLP and Koutalidis Law Firm.