CrediaBank and Europi Holdings approve merger agreement

The boards of directors of CrediaBank and Europi Holdings have approved a merger agreement involving the absorption of Europi Holdings by CrediaBank. The transaction is scheduled to reach a transformation date of June 30, 2026.

Under the terms of the agreement, the share exchange ratio is set at 1.4461103244394 new ordinary, non-voting shares of CrediaBank for every one share of Europi Holdings. Following the completion of the merger, existing CrediaBank shareholders will hold 90.386% of the combined entity, while Europi Holdings shareholders will hold 9.614%.

The merger will be executed through the accounting consolidation of assets and liabilities. Europi Holdings will be dissolved without liquidation, and CrediaBank will become the universal successor to all its assets, rights, and obligations. The new shares issued to Europi Holdings shareholders are expected to be listed on Euronext Athens. Finalization of the deal remains subject to approval by the general assemblies of both companies and necessary regulatory authorizations.