Hogan Lovells advises Attica Bank on merger with Pancreta Bank and subsequent Share Capital increase

The share capital increase, which was fully subscribed, followed the merger and gained high interest from international and domestic investors. 

86.94% was subscribed by existing shareholders of Attica Bank, who exercised their pre-emptive rights with the payment of a total amount of €584,412,295.28, corresponding to 312,519,944 new shares. The same number of warrants were distributed to existing shareholders of Attica Bank, who exercised their pre-emptive rights. 

The Hogan Lovells team that advised on the transaction was led by partners Madeleine Horrocks and Annalisa Dentoni-Litta, with support from senior associate Franco Lambiase and junior associate Noemi Biagini.