The bank’s board of directors has, thus, decided to sell the majority stakes held in Dodoni S.A. and ATEbank Romania.
Another board decision was to buy the 15% stake held by the International Finance Corporation in ATEbank Romania. The IFC stake will be bought under an existing shareholder agreement, and sold with the rest of the shares.
ATE Bank Greece holds 74.12% of ATE Bank Romania, without the IFC stake.
The Greek government owns 70% in ATEbank group.