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Eurobank Takes Command with Over 98% Stake in Hellenic Bank

In a significant corporate development, Eurobank recently completed its mandatory public offer to significantly increase its stake in Hellenic Bank, now owning a substantial 98.46% of the bank’s issued share capital. This move follows the public offer, which closed on April 9, 2025, adding 4.99% to Eurobank’s previous 93.47% stake.

Over the coming months, Eurobank plans to exercise its squeeze-out right, aiming for full acquisition. As outlined in their takeover announcement, the bank intends to acquire all remaining shares at a price of €4.843 each.

This transaction, completed with Cyprus Investment and Securities Corporation Limited (CISCO) serving as the advisor and underwriter, is set to reshape the Cypriot banking landscape, aligning with broader trends in regional economic transformations.

Upon completion, Eurobank’s acquisition will mark a pivotal moment in Cyprus’ financial scene. The increase in ownership follows regulations under the Public Takeover Bids Law, ensuring compliance throughout the process.

The acceptance rate for this takeover bid stands at 4.989%, with attention to final verification potentially leading to minor adjustments. Stay tuned as we monitor this significant acquisition and consider its implications for the dynamic Cypriot market.

Web Summit 2026 Brings 70,000 Participants From 164 Countries To Lisbon

Around 70,000 people from 164 countries attended this year’s Web Summit in Lisbon, with China sending its largest delegation to the event so far. More than 50 representatives from the country’s artificial intelligence and robotics sectors took part, reflecting China’s growing presence in technologies reshaping manufacturing and services.

Founded in Dublin in 2009, Web Summit moved to Lisbon in 2016 and has since developed into one of Europe’s major technology conferences. The event brings together start-ups, investors and industry leaders, providing a platform for companies to present new technologies and explore business opportunities.

This year’s gathering also highlighted China’s expanding influence in the global technology industry, a trend noted by Web Summit founder Paddy Cosgrave.

Storm Charles Interrupts Conference Programme

The summit’s schedule was disrupted on November 11, when Storm Charles forced organisers to cancel activities for the day. The programme resumed on November 12, allowing the event to conclude as planned.

Despite the interruption, this year’s Web Summit highlighted several key developments shaping the technology sector, including advances in robotics and automation, intensifying international competition and continued demand for platforms connecting businesses with investors.

For Lisbon, the conference remains an important international technology gathering, bringing together companies and decision-makers while showcasing innovations moving towards commercial application.

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