eurobank merger — eurobank merger — Eurobank’s board of directors has called an extraordinary general meeting on December 3, 2025, to approve the merger of Eurobank S.A. with Eurobank Holdings S.A. through the absorption of the latter. This significant step is part of a strategic initiative aimed at optimising operations and reducing costs.
- The continuation of the buyback programme is subject to approval by the European Central Bank (ECB), which underscores the importance of regulatory compliance in this merger process.
Eurobank merger: Details of the Extraordinary General Meeting
The meeting will take place in a hybrid format, enabling shareholders to participate either in person at the Conference Centre in Nea Ionia or remotely via teleconference. This approach is designed to facilitate broader participation among stakeholders.
Alternate Meeting Date
If the necessary quorum is not reached on December 3, a repeat meeting is already scheduled for December 11, 2025, also in a hybrid mode. This ensures that shareholders have an opportunity to express their views on the merger.
Strategic Merger Objectives
The planned merger is part of a strategic “reverse hive-down” aimed at reducing administrative and accounting costs while simplifying the legal structure of Eurobank’s operations. This merger comes on the heels of Eurobank’s successful resolution of legacy non-performing loan issues, positioning the bank for future growth.
Share Buyback Programme Suspension
In conjunction with the merger process, Eurobank Holdings has announced a temporary suspension of its share buyback programme. This suspension will remain in effect until the merger is finalised, after which the buyback will resume under the auspices of Eurobank S.A.
Recent Share Buyback Activity
Between October 20 and October 21, 2025, Eurobank Holdings repurchased 879,000 of its own shares on the Athens Stock Exchange. The average acquisition price was €3.4156 per share, amounting to a total cost of €3,002,347.79. Following this transaction, Eurobank Holdings confirmed that it holds 54,228,394 own shares, which represents approximately 1.4749 per cent of its paid-up share capital.
Future Plans for Share Buyback
The buyback programme is set to continue following the completion of the merger and the anticipated listing of the merged entity’s shares on the Athens Stock Exchange, expected in mid-December 2025. The total expenditure for the ongoing buyback will not exceed €122,919,881.27, which corresponds to the remaining authorised amount, with the programme’s end date set for April 29, 2026.
Impact on Treasury Shares
All treasury shares held by Eurobank Holdings will be cancelled upon completion of the merger. This move is intended to streamline the financial structure of the newly merged organisation and enhance shareholder value.
Regulatory Approvals Required
The continuation of the buyback programme is subject to approval by the European Central Bank (ECB), which underscores the importance of regulatory compliance in this merger process.
Legal Framework Governing the Merger
Eurobank’s board has stated that the merger will proceed under the provisions outlined in Articles 6–21, 30–34, and 140 of Law 4601/2019, alongside Article 16 of Law 2515/1997, and relevant provisions of Law 4548/2018. Appointed representatives are authorised to sign before a notary and carry out all necessary steps to ensure the merger’s completion.
Looking Ahead
As Eurobank prepares for this pivotal merger, stakeholders are keenly watching how the changes will impact the bank’s operational efficiency and market position. The successful integration of Eurobank Holdings into Eurobank S.A. is expected to yield benefits for shareholders and customers alike.
