Payment Of €4.843 Per Share Finalizes Eurobank’s Complete Acquisition

Squeeze-Out Completion

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has consummated its acquisition of Hellenic Bank Public Company Limited through a meticulously executed squeeze-out process. In response to the May 8, 2025, approval from the Cyprus Securities and Exchange Commission (CySEC), the bank secured 100% ownership by exercising its squeeze-out rights.

Transaction Details

Under the terms of the transaction, Eurobank disbursed €4.843 per Hellenic Bank share, mirroring its earlier takeover bid. On June 10, 2025, eligible shareholders received the full consideration through multiple payment channels including cheque postings to addresses registered in the Central Securities Depository or Cyprus Stock Exchange Central Registry, direct bank transfers, and allocations to dedicated accounts for pledged or frozen shares. In compliance with Article 36 of the Takeover Bids Law (2007-2022) and related regulatory frameworks, the Cyprus Stock Exchange has officially recorded the transfer of the remaining 8,279,967 shares, corresponding to 2.006% of the bank’s issued capital.

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Strategic Rebranding And Integration

Amid its legal consolidation with Eurobank Cyprus, Hellenic Bank is poised for a brand transformation into Eurobank Limited, pending the necessary supervisory approvals. This strategic rebranding effort is designed to reinforce customer trust and deliver enhanced services by leveraging the robust operational framework and strategic expertise of the Eurobank Group. CEO Michalis Louis underscored that the name change symbolizes a renewed commitment to excellence and customer engagement as the newly consolidated entity embarks on a promising future.

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Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

by THEFUTURE.TEAM

March 31, 2026

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

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Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.

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