CrediaBank’s private placement process dominated Wednesday’s bourse session at Athinon Avenue, leading the bank sector to a significant decline and the daily turnover to more than doubling. Main stakeholder Thrivest conceded a 16.7% stake at €0.90 per share, slashing its stake to 24% in what was a €300 million transaction that brought in significant long-term investors, according to CrediaBank, whose share tumbled 10.83%.
The Euronext Athens (ATHEX) general index closed at 2,485.75 points, shedding 0.89% from Tuesday’s 2,507.99 points. The large-cap FTSE-25 index contracted 0.92% to end at 6,318.67 points.
The banks index declined 2.25%. Besides CrediaBank’s drop, Eurobank lost 3.66%, National gave up 2.55%, Alpha parted with 2.01% and Piraeus conceded 1.43%. Refineries soared, as Helleniq Energy rose 3.71% and Motor Oil grew 3.65% to an all-time high of €48.88.
In total, 36 stocks obtained gains, 69 showed losses and 19 remained unchanged.
Turnover amounted to €602.5 million, up from Tuesday’s €245.3 million.
