EFG Eurobank Ergasias S.A., further to its announcement dated 15/9/2005, regarding the agreement to acquire an additional 25% shareholding in EFG Private Bank (Luxemburg) S.A. from the EFG Bank European Financial Group, announces that the consideration for the above transaction is €31.1m and that it will be settled in cash upon completion of the transaction.
EFG Eurobank Ergasias S.A., further to its announcement dated 15/9/2005, regarding the agreement to acquire an additional 25% shareholding in EFG Private Bank (Luxemburg) S.A. from the EFG Bank European Financial Group, announces that the consideration for the above transaction is €31.1m and that it will be settled in cash upon completion of the transaction. The transaction is subject to regulatory approvals, and completion of the transaction is expected in 2005. Following the acquisition, EFG Eurobank will control 100% of EFG Private Bank (Luxembourg) S.A