Key Role of Bank of Greece Governor in UniCredit - Alpha Bank Deal
The transaction marks a significant cross-border investment, and at the center of its regulatory pathway was the Governor of the Bank of Greece, Yannis Stournaras. A major development in the Greek banking sector has taken place with Italy's UniCredit acquiring a stake of nearly 20% in Alpha Bank, becoming its largest shareholder. The transaction marks a significant cross-border investment, and at the center of its regulatory pathway was the Governor of the Bank of Greece, Yannis Stournaras. Though formally responsible for regulatory oversight, Stournaras has drawn attention for his role in the procedural timeline of the deal-particularly in relation to the Dutch investment firm Reggeborgh Invest, which held a 9.75% stake in Alpha Bank since 2021 and had sought to increase its position. To proceed with such a move, the firm required a "qualifying holding" certificate, a standard mechanism under European banking regulations that...
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