The General Meeting of the shareholders of EFG Eurobank Ergasias SA approved today, by a wide majority of 93,37% of the shareholders represented, the merger of Eurobank EFG and DIAS Portfolio Investment Company, the latter being absorbed by the former.
During today’s First Repetitive General Meeting, shareholders owning 55,59% of the total voting rights were represented.
The General Meeting set the exchange ratio between DIAS shares and the new Eurobank EFG stocks to be issued at 5,3 DIAS shares to one new Eurobank EFG share.
The exchange ratio was determined following a proposition of EFG Consolidated Holdings SA, holder of 43,6% of the total stock of Eurobank EFG, after taking into consideration the general market conditions and the benefit of both companies’ shareholders.
The merger is expected to be completed within the next two months.