DZI Bank tender offer expected after sale to EFG Eurobank._x000d_
03.10.2006
The new owner of the local DZI Bank, Greece's EFG Eurobank, will have to make a tender offer to other shareholders within 14 days of the completion of the take-over. Late last week, EFG Eurobank announced it will pay EUR 157.8m for 74.26% in DZI Bank. DZI Bank traded at BGN 5.40 per share when the stock was suspended in the run-up to the sale to Eurobank. The take-over deal values the shares at BGN 8.30 which, brokers said, is the new price target for the market. Source: Dnevni