An EFG Eurobank Ergasias general shareholders’ meeting on Tuesday widely approved a merger plan with DIAS Portfolio Investment SA, through the absorption of the latter.
The plan was approved by 93.37 pct of shareholders. They also approved a change in the exchange ratio to 5.3 shares of DIAS for one new share of Eurobank EFG. The new exchange ratio was decided after a recommendation of EFG Consolidated Holdings SA -in which Eurobank EFG holds a 43.6 pct equity stake- after taking in consideration changes in market conditions. The merger plan is expected to be completed in a period of two months.