Global Law Firm Hogan Lovells has acted as international counsel for Attica Bank S.A., Greece’s fifth banking “pillar”, with respect to both its merger with Pancreta Bank S.A. and the €672 million share capital increase and associated warrants issuance.
The share capital increase, which was fully subscribed, followed the merger and gained high interest from international and domestic investors.
86.94% was subscribed by existing shareholders of Attica Bank, who exercised their pre-emptive rights with the payment of a total amount of €584,412,295.28, corresponding to 312,519,944 new shares. The same number of warrants were distributed to existing shareholders of Attica Bank, who exercised their pre-emptive rights.
The Hogan Lovells team that advised on the transaction was led by partners Madeleine Horrocks and Annalisa Dentoni-Litta, with support from senior associate Franco Lambiase and junior associate Noemi Biagini.
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