One of the world’s three largest institutional investors, Capital Group, which manages more than $2.6 billion in funds, has informed Alpha Bank that it has acquired 5.03% of the listed company, namely Alpha Services and Holdings, which is 100% owned by Alpha Bank.
The acquisition of the package of 109,583,436 shares (5.03%) and the corresponding voting rights took place on July 4, while today the competent stock exchange authorities were informed by letter from Alpha Bank.
Capital Group’s entry into the share capital of Alpha Bank is timed to achieve a single-digit rate of non-performing exposures (“red loans”) and to the bank’s return to profitability.
It is recalled that the Alpha Bank Group will announce the results for the first half and second quarter of 2022 on August 2, immediately after the end of the Athens Stock Exchange session, followed by a presentation and briefing of international analysts by the bank’s management via video conference.
Source: Capital
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