VALLETTA (MALTA) (ITALPRESS/MNA) – Malta announced it has reached a preliminary agreement with Greece’s CrediaBank for the acquisition of the majority of its shares. The deal, disclosed in a statement to the Malta Stock Exchange, is valued at around €200 million. Under the terms, CrediaBank would purchase HSBC shares at just over €0.793 each, while offering minority shareholders €1.44 per share.
Should the transaction proceed, CrediaBank, holding over 70% of shares, will be required to extend an offer for the remaining stake. The Greek bank has pledged to retain HSBC Malta’s management team, maintain employee conditions for at least two years, and keep the bank listed on the Malta Stock Exchange.
Completion of the acquisition remains subject to regulatory approvals from the European Central Bank, the Malta Financial Services Authority and the Bank of Greece. If approved, the transition is expected by the end of 2026. CrediaBank, Greece’s fifth-largest bank, operates 65 branches and serves 300,000 clients. In 2023, it acquired HSBC Greece through Pancreta Bank. HSBC stressed that the process aims to safeguard the interests of shareholders, clients and employees, and said further updates will be communicated in line with market regulations.
– photo IPA Agency –
(ITALPRESS).
