BCP sells Piraeus stake in Greece’s first bank ABB since 2009
Portugal’s Millennium BCP sold €494m of shares and warrants in Greece's recently recapitalised Pireaus Bank on Tuesday evening. It was the first block trade in a Greek financial stock since 2009 and another step on the country's long road to rehabilitation.
BCP sold its entire holding, 235.3m shares and the same number of warrants, representing around 4.6% of Piraeus Bank's share capital and 27% of volumes outstanding, at a combined price of €2.10.
It acquired the shares when it sold its local subsidiary to Piraeus before the Greek bank
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