Shearman & Sterling Advises Joint Placement Agents on €204 Million Capital Increase by Hellenic Bank
Shearman & Sterling has advised Deutsche Bank and Axia Ventures Group in their capacity as Joint Placement Agents in connection with a €204 million capital increase by Hellenic Bank Public Company Limited (“Hellenic Bank”) through a rights issue. Hellenic Bank intends to use the proceeds from the capital increase to meet residual capital requirements resulting from the comprehensive assessment conducted in October 2014 by the European Central Bank and European Banking Authority, and for general corporate purposes.