Alpha Bank has successfully acquired a controlling 69.61 per cent stake in Alpha Trust Holdings, marking a significant milestone in its voluntary public takeover offer.
- Alpha Bank has successfully acquired a controlling 69.61 per cent stake in Alpha Trust Holdings, marking a significant milestone in its voluntary public takeover offer.
The bank made the announcement on Thursday, confirming that this acquisition meets the critical condition for completing its takeover bid. This public offer had initially been submitted to all ordinary registered voting shareholders of Alpha Trust Holdings, as detailed in an information circular published on May 27, 2026.
During the acceptance period of the public offer, which began on June 24, 2026, Alpha Bank executed an over-the-counter acquisition of shares as stipulated in a Share Purchase Agreement. This transaction involved purchasing 2,193,345 shares, equating to 69.61 per cent of Alpha Trust Holdings’ total paid-up share capital and voting rights.
The shares were acquired at a price of €20.20 per share, which highlights Alpha Bank’s commitment to securing a dominant position within the investment group. With this acquisition, Alpha Bank has exceeded the minimum required threshold of 2,100,601 shares, which represents 66.67 per cent of the company’s voting rights.
As a result of this latest transaction, Alpha Bank, along with its associated parties, now possesses, either directly or indirectly, a total of 2,193,345 shares in Alpha Trust Holdings. This substantial holding grants Alpha Bank effective control over the shareholder base of the Greek investment group and satisfies the principal requirement for the successful completion of the takeover offer.
