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PPF increases its stake in Piraeus Bank
4/29/2011
PPF Group N.V. announces that following the approval received from the Bank of Greece, it has increased its stake to 5.72 % in Piraeus Bank S.A.
As the Piraeus Bank's shares are dispersed amongst numerous investors, PPF Group N.V. has thus become a significant single shareholder of this major Greek financial institution headquartered in Athens with operations in several countries of the Mediterranean and South-East Europe.
The acquisition is in line with the PPF Group’s strategy to further extend its position in banking sector in Central and South-East Europe.