Alpha Bank completes full acquisition of Alpha Trust Holdings
Alpha Bank acquired the remaining 69,324 shares in Alpha Trust Holdings, securing full ownership and voting rights.
Athens, Greece. Alpha Bank has completed the acquisition of the remaining shares in Alpha Trust Holdings, giving the bank and parties acting in concert with it 100 per cent ownership and voting rights in the company.
Final share acquisition
The Greek bank said the process concluded on August 24 with the acquisition of 69,324 remaining ordinary shares in Alpha Trust Holdings at a cash price of €20.20 per share.
The price matched the consideration offered by Alpha Bank under its earlier tender offer for the company.
Squeeze-out procedure
The acquisition was carried out through a squeeze-out procedure, which allows an offeror that has reached the required ownership level following a takeover offer to acquire the remaining shares from shareholders.
Alpha Bank said the procedure was completed in accordance with Article 27 of Greek Law 3461/2006 and a decision of the Hellenic Capital Market Commission.
The relevant HCMC board resolution was issued in April 2013, while the information circular relating to the offer was approved by the commission’s board on May 27, 2026.
Full ownership
The announcement concerned all ordinary, registered, dematerialised voting shares in Alpha Trust Holdings that remained outside Alpha Bank’s ownership.
With the acquisition of the final 69,324 shares, Alpha Bank and the parties acting in concert with it now hold all shares and voting rights in Alpha Trust Holdings.
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