Third Point Hellenic Recovery Fund

Hellenic Bank raises 201 mln euros in new capital

Published by Kathimerini on Mon, 12/15/2014 - 20:26

NICOSIA – Cyprus’s Hellenic Bank has raised 201 million euros in new capital, covering the adverse scenario capitalization shortfall of Europe-wide stress tests in October.

The bank said its three major shareholders – Wargaming, Third Point Hellenic Recovery Fund and Demetra Investments – fully supported the rights issue.