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The expected increase in the share capital of the Bank of Attica after the reversal of the bank's interest and the increase in the share of the Fund's Engineering (TAMD) of 11 , 8% to 32.6%. The rate increase controlled by the engineers of the Bank of Attica was made by an administrative act, notably by a decision of the Minister of Labor, Mr. Efi Achitsoglou, who badigned to the Engineering Fund a part of the shares of the Bank of Attica. EFKΑ at the request of the Fund
The Engineering Fund, as a major shareholder of the Bank of Attica, must be approved by the Bank of Greece and, of course, SSM on the basis of its form and the appropriate procedure for all shareholders acquiring a qualifying holding in the banks. Thus, TDME will be required to prove its adequacy when, as stated clearly in a Fund Notice posted on its website, it has unaudited balance sheets for many years. The eligibility criteria on which to evaluate will also be compliance with the rules of corporate governance, which are also verified if they are upheld.
Bypbading the further nationalization of Attica Bank directly compromises the success of the bank's capital increase an amount of 198 million euros, approved by the badembly general and in full swing. The capital increase is addressed to private investors at this stage because the increase for former shareholders has already been achieved, thanks to which 89 million euros have been raised, of which 70 million have been raised brought by EFCA. The privatization goal of the bank and attract private investors is triggered by a reduction in the percentage of the EFPA, which is also the largest shareholder with a percentage before the increase of 50 , 6%
The percentage increase that was controlled by Attica Bank engineers, was made by an administrative act, namely by a decision of the Minister of Labor, Mr. Efi Achitsoglou, who made part of the EFKA shares in the Engineering Fund, responding to a request from the Fund
forms a special government bundle vis-à-vis the institutions, and was specifically voted as a special article in the recent law on the closing of the fourth valuation, is to reduce the rate of EFCF to 33%, which would be achieved during the second phase up to 198 million euros from private investors. However, the EFCA, which participated in the 70 million euros rise, saw its share increase to reach about 64%. In order to avoid a new nationalization of the bank, the government has agreed with the institutions that the rights derive from the ordinary shares of EFCA and provided that they exceed 33% of the Financial Stability Fund [19659002] Shortly before the ink of the law published on June 14, 2018 in the Official Gazette, the Minister of Labor Efi Achitsoglou signed on June 15 a decision according to which the surplus – of 33% – of the 39; EFCA instead of being transferred to the FSF was transferred to the Engineering Fund. Engineers have consistently claimed a higher percentage in the bank in recent years, arguing that TAMD is the successor of the former TSMEDE and not the EFCA, to which TSMEDE's rights were transferred when he was absorbed by the main insurer. It should be noted that with this argument, the TDME has pressed the relevant ministries, ultimately finding the Ministry of Labor and the Ministry of Transport
The result of this paradoxical development is the fact that the bank instead of the Ministry of Labor and the Ministry of Transport
being privatized is still nationalized, asking I doubt the prospect of attracting a strategic investor and while the process is underway. It should be noted that investors who have expressed interest in increasing their capital through a combined capital injection plan, including the sale of loan portfolio, are investment systems such as Intrum, Oaktree , Pimco and Qualco, Aldridge, the function of (f, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f.fbq) f._fbq = n; n.pas = n; n.loaded =! 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, "script", // connect.facebook.net/en_US/fbevents .js & # 39;); fbq (& # 39; init & # 39 ;, & gt; 109138906120213 & gt;); fbq (& # 39; track & # 39 ;, "PageView");
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