Alpha Trust Holdings seeks delisting from Euronext Athens after Alpha Bank takeover
Alpha Trust Holdings requested a delisting from Euronext Athens after Alpha Bank acquired all of its shares through a squeeze-out process.
Athens, Greece. Alpha Trust Holdings has asked the Hellenic Capital Market Commission to approve the delisting of its shares from Euronext Athens after Alpha Bank acquired 100 per cent of the company.
The request was submitted on August 31, 2026, following approval by Alpha Trust Holdings’ ordinary general meeting.
Share acquisition and delisting process
The general meeting was attended by Alpha Bank as Alpha Trust Holdings’ sole shareholder, holding all 3,223,944 voting shares. The shares, with a nominal value of €0.36 each, represent the company’s entire paid-up share capital and voting rights.
The delisting follows the completion of a squeeze-out process on August 24, 2026, through which Alpha Bank acquired the remaining shares it did not already own.
The final 69,324 shares were acquired at €20.20 per share, for a total transaction value of about €1.40 million. The price was the same as the cash consideration offered in Alpha Bank’s earlier voluntary public tender offer.
The squeeze-out was conducted under Article 27 of Greek Law 3461/2006 after Alpha Bank exceeded the required ownership threshold following its takeover offer.
General meeting resolutions
The general meeting authorised Alpha Trust Holdings’ board to complete all steps required for the delisting, including submitting documents and notifications to the Hellenic Capital Market Commission, Euronext Athens and other competent authorities.
Shareholders also approved the company’s 2025 corporate and consolidated financial statements, the board’s management report and the independent auditor’s report.
The meeting approved no dividend distribution for 2025, citing the squeeze-out process and the need to ensure equal treatment of shareholders.
Audit appointment
Grant Thornton was appointed to conduct Alpha Trust Holdings’ regular and tax audit for 2026 for a fee of up to €22,800 plus VAT.
The engagement covers the annual accounts, interim financial information, European Single Electronic Format assurance, tax audit and remuneration report assurance.
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