Who will put money into Optima Bank’s AMK – Holtermann and all

Increase its capital Optima Bank It starts with the dynamically developing bank, the interests of the Vardinogiannis business family, which already owns in… 33.7% of the issue. That is, 51 out of a total of 151.2 million euros, the ceiling of the upcoming IPO that will take the profitable and “armored” bank to the stock market. Being the first listing of a financial institution in 17 years.

As can be seen from the prospectus, the role of lead investor (cornerstone) will be played by three powerful forces.

First, the Dutch regburgWhich has been headed by a naturalized Greek national since last year Henry Holtermann. With a multi-faceted business presence in the country, he is a major shareholder in Ellactor (in whose structure Motor Oil shares a 15% stake), but holds a 9% stake in Alpha Bank.

Through Reggeborgh, Holtermann has committed to investing €21 million in capital increase of Optima Bank. This is due to his participation in the bank after AMK and the addition of new shares amounting to 3.958%.

Fiera Capital, which invests in emerging markets, will also be a lead investor.

Using three investment arms under management, the selected fund, which has an equity presence in Piraeus, but also in other banks, will enter Optima Bank with 15 million euros. Reaching control of 2.338% overall.

The third participation as main investor will be for Dubai capitalist Karim Hamdoun, who has committed through his company to invest 5 million euros. Obtaining a rate of 0.942%.

However, AMK will also have a presence engine oil, which, through the company Ireon Investment it controls, has expressed its intention to acquire new shares worth 10 million euros. Today in Ireon Investment’s portfolio there is 9.893% of the bank. This rate will decrease after AMK to 8.959%.

Lively interest from other funds too

Judging by the commitments of the lead investors, the demand is to cover the remaining €100.2 million of the capital increase.

Indeed, as the information indicates, there has been strong interest in participating from other funds. Which is said to be willing to cover a respectable portion of AMK.

Furthermore, an amount of €7.56 million is scheduled to be withdrawn from the parallel distribution of 1,050,000 shares to selected persons.

That is, to members of the Board of Directors, senior managers and employees, in addition to a limited circle of about 100 people, clients and partners of the bank. In this case, the shares will be sold at a discount of up to 10% compared to the final price.

Based on AMK’s “structure”, the maximum selling price for the new shares will be €7.2 per share. The final price will be determined by offers from distinguished investors, during the book building process.

It is clear that the participation of private investors in the public registration, which will begin on September 27 and end on the 29th of the month, is a crucial element.

AMK is done by removing the right of first refusal of the bank’s existing shareholders, but this does not prevent them from participating in the capital increase. Without “locking in” the new shares they might acquire.

Today at Optima Bank, Mr Giannis Vardis Vardinogiannis Through three companies, he controls 13.751% of the bank. If AMK does not enter, his percentage will decrease to 9.832%.

But logic says that he will also have a presence in the capital increase, without specifying where the amount of his contribution can go.

Although AMK takes place in a difficult stock market environment, it is estimated that everything will go smoothly with Optima Bank.

If the offering price finally reaches €7.2, the bank will go public with a capital of €530 million.

It is 1.1 of its own funds, which will be formed at the end of the year.

Read also:

Optima Bank: Henri Holtermann (Regeburg) joins AMK for €21 million

Optima Bank: On September 27, the public offering begins

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