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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Cyprus Ranks Among EU Leaders In Tertiary-Educated ICT Workforce

by THEFUTURE.TEAM

May 25, 2026

High Educational Attainment Sets Cyprus Apart

Recent data from Eurostat showed that Cyprus is expected to rank among the leading European countries for tertiary-educated ICT professionals in 2025. According to the figures, 96.4% of ICT professionals in Cyprus are projected to hold tertiary education qualifications, placing the country among the highest-ranked members of the European Union.

Gender Disparity Remains A Critical Challenge

Despite the high level of educational attainment, the ICT workforce in Cyprus continues to show a significant gender imbalance. Men are projected to account for 85.1% of ICT employees in 2025, while women are expected to represent 14.9% of the sector. In 2024, the split stood at 70.9% for men and 29.1% for women. The figures highlighted a widening gender gap within the country’s ICT workforce.

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European Union Trends And Comparative Analysis

Across the European Union, the number of ICT professionals is projected to increase to 3.4 million in 2025 from 3.2 million in 2024, representing annual growth of 5.1%. Men are expected to account for 83.4% of ICT employment across the bloc, equivalent to approximately 2.8 million workers, while women are projected to represent 16.6%.

National Performance Variability In Gender Representation

Countries within the EU show a varied landscape: the highest percentages of male ICT professionals are reported in the Czech Republic (92.9%), Slovenia (89.1%), Latvia (89.0%), Lithuania (88.9%), and Slovakia (88.4%). On the contrary, nations such as Denmark (30.0%), Sweden (29.8%), Romania (28.6%), Bulgaria (25.6%), and Croatia (25.2%) lead in female participation in the ICT arena.

Educational Background Across The European ICT Sector

Eurostat data also showed that most ICT professionals across the EU hold tertiary education qualifications. By 2025, 74.8% of ICT workers in the bloc are projected to have university-level education, while 25.2% are expected to hold secondary or post-secondary qualifications. Denmark recorded the highest share of tertiary-educated ICT professionals at 97.7%, followed by France at 96.6% and Cyprus at 96.4%. Other countries with high levels of tertiary-educated ICT workers included Ireland at 92.3%, Bulgaria at 91.1%, and Croatia at 90.9%. At the lower end of the ranking, Italy recorded 69.2%, while Portugal stood at 58.8%.

Conclusion

The data perfectly encapsulates the dual narrative in the ICT sector: while countries like Cyprus and Denmark achieve remarkable educational standards among ICT workers, persistent gender disparities remind us that diversity remains an ongoing challenge. As the ICT landscape continues to evolve, strategic policy formation and corporate governance will be pivotal in balancing excellence with inclusivity.

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