Eurobank Takes Command with Over 98% Stake in Hellenic Bank

by News Editor

April 11, 2025

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.

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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.

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Meta Unveils Advanced Scam Detection Initiatives Across Its Platforms

by THEFUTURE.TEAM

March 12, 2026

Meta Strengthens Its Defense Against Digital Scams

Meta has introduced a series of new security tools aimed at reducing online scams across its platforms, including Facebook, WhatsApp and Messenger. The update focuses on detecting suspicious activity earlier and warning users before fraudulent interactions escalate, as digital scams continue to evolve across social networks and messaging services.

Enhanced Friend Request Alerts On Facebook

New warning systems currently being tested on Facebook are designed to flag suspicious friend requests. The system evaluates signals such as a lack of mutual connections or unusual geographic origins. When these indicators appear, users receive alerts encouraging them to review the request more carefully before accepting. The feature aims to help users identify potentially fraudulent profiles and avoid interactions with scammers.

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Preventing Device Linking Fraud On WhatsApp

Additional protections are being introduced on WhatsApp through new device-linking alerts. These notifications target scams in which fraudsters impersonate organizers of competitions or promotional campaigns and ask users to visit phishing websites.

Victims are typically instructed to enter their phone number and a device linking code, which allows scammers to gain access to their accounts. The new warning messages explain these tactics and alert users before the linking process is completed.

AI-Driven Scam Detection On Messenger

Messenger will also receive expanded scam detection capabilities powered by artificial intelligence. The system analyzes conversation patterns and identifies potential warning signs, such as suspicious job offers or requests for personal information. If the system detects scam-like behavior, users receive prompts suggesting that they block or report the account. Additional information about common scam techniques may also be displayed to help users better understand the risks.

Progress In Combating Online Fraud

Meta also shared data highlighting the scale of its anti-scam efforts. According to the company, more than 159 million scam advertisements were removed across its platforms over the past year, with 92% blocked before they were reported by users.

The company also removed 10.9 million Facebook and Instagram accounts linked to organized scam networks, reflecting continued investment in automated detection systems designed to disrupt coordinated fraud operations.

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