John Paulson to Participate in Piraeus Capital Increase
Bloomberg 2 hrs ago Jan-Henrik Förster and Sotiris Nikas
(Bloomberg) John Paulson is among investors planning to participate in a capital increase by Piraeus Bank aimed at helping the Greek lender to clean up its balance sheet and allow the government to reduce its stake.
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The billionaire investor, already one of the biggest private shareholders in Greece’s second-largest bank, will take up a significant stake alongside two other anchor investors, in a share sale that could raise as much as 1.38 billion euros ($1.66 billion), Piraeus said in a prospectus for the increase.