Wargaming

BELGRADE - At a ribbon-cutting ceremony, Serbian PM Ana Brnabic opened a new Belgrade office of global video game developers Wargaming on Friday.

The 5,500 sq m Airport City office will hire 200 people.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at 65.9 million euros, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at €65.9 million, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank, Cyprus' second largest lender.

Despite selling a 13.41% stake to Greek banking group Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games.

A former HSBC banker has been appointed to the board of Hellenic Bank, one of Cyprus's biggest lenders, with a view to becoming chairman of the bank.

In a statement filed to the Cyprus Stock Exchange on Tuesday, Hellenic Bank said that Youssef Nasr, a Lebanese American, was nominated as a board member at its meeting on Monday.

The Athens Miniature Show, an exhibition of historical, fantasy and wargaming models, takes place at the Plakas Arts Center from June 9 to 11. This year's show features master classes by figure painters Francesco "Franciuus" Farabi and Fabrizio Russo (register at cholymelan21@yahoo.gr). Admission is free.

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.