The acquisition of Alpha Trust by Alpha Bank is underway, following the approval of the information memorandum by the Hellenic Capital Market Commission and the launch of the acceptance period for the public offer.The transaction forms part of Alpha Bank’s broader strategic plan to strengthen its presence in the asset management sector, aiming to generate synergies and expand its investment services offering.Acquisition structure and strong initial positionThe public offer, originally announced on 6 April 2026, concerns the acquisition of all shares of Alpha Trust Holdings.Alpha Bank has already secured a significant head start, having entered into share purchase agreements with key shareholders representing a total of 69.61% of the company. These agreements also include senior executives of Alpha Trust, among them the Chairman and the Chief Executive Officer, underscoring management’s support for the transaction.Offer price and shareholder premiumA central element of the offer is the cash consideration of 20.20 euros per share to be paid by Alpha Bank. According to bank sources, this price is considered particularly attractive as it:exceeds the average market price of the last six months by approximately 56%, andis more than 13% higher than the valuation of an independent expert.This significant premium reflects the strategic importance of Alpha Trust for the Alpha Bank Group, as well as the potential to further develop its services and strengthen assets under management.Transaction timelineThe acceptance period runs from May 29 to June 26, 2026, giving shareholders a four-week period to decide whether to participate in the public offer.Shareholders may submit their acceptance through their brokerage intermediaries, while the full information memorandum is available in both printed and electronic form. Alpha Bank will cover the settlement costs of the transaction, while the transfer tax will be borne by the shareholders.The results of the public offer are expected to be announced by June 30, 2026. In the event that Alpha Bank acquires more than 90% of the share capital, it may exercise a squeeze-out right over the remaining shares, while minority shareholders will also have a sell-out right at the same price.