CrediaBank acquires 70% stake in Pandelakis stockbrokerage

The transaction provides for the acquisition of a majority stake by CrediaBank, while also including call and put options for the transfer of the remaining 30% of the shares three years after the completion of the agreement.

In addition, an earn-out mechanism has been agreed, which will be triggered subject to the achievement of specific business targets set between the two parties. It is noted that the company’s participation in the share capital of “AssetWise Capital Management” is excluded from the transaction.

The parties involved aim to complete the transaction within the third quarter of 2026, subject to the fulfilment of the stipulated conditions and the receipt of the necessary supervisory and regulatory approvals.

According to the announcement, the agreement creates significant growth prospects for Pandelakis Stockbrokerage, as it is expected to strengthen its access to a broader network of retail and corporate clients, expanding its growth potential and outward orientation.

The company emphasizes that, with the strategic support of CrediaBank, it is entering a new phase of development, while maintaining the core principles and values that define its operations. Legal advisor to the selling shareholders was the law firm “Pandelakis & Associates.”