Attica Bank S.A. informs its investor that concerning the "Omega" securitization and following the corporate announcements of 27/04/2021 and 14/05/2021, the sale of 69% of the shares of Thea Artemis Financial Solutions (TAFS), of which 49% owned by DDM AG and 20% of Attica Bank to Ellington Solutions S.A. was finalized today which had chosen as the preferred investor in the context of a relevant bidding process.
From the abovementioned transaction, the profit is estimated to amount to EUR 1 million for Attica Bank.
The impact of this transaction on the Bank's financial position and financial results will be reflected in the financial statements as at 30 September 2021.
With the conclusion of this beneficial transaction, Attica Bank enters into the implementation phase in the context of its business plan and the shielding of its balance sheet and, at the same time, accelerates the implementation of its Transformation Plan, placing strong fundamentals for profitable growth.
Attica Bank will inform its investors for the progress and the next steps concerning the completion of the transaction “Omega”.
Attica Bank SA