Sale of Kea Leitourgia kai Diacheirisi Diktyon ATM
Piraeus Financial Holdings S.A. announces that its subsidiary, Piraeus Bank S.A. (“Piraeus”), following the completion of the spin-off of its non-core ATM business with the establishment of Kea Leitourgia kai Diacheirisi Diktyon ATM S.M.S.A. (“KEA”), has successfully concluded the sale of 80.10% in KEA to Printec Cash Network S.A., a member of Printec Group. The total net assets of KEA as of March-25 stand at €11m.
Piraeus will retain the ATM fleet located within its branch network premises, as well as a large number of owned off-site ATM (circa 360), sufficient to ensure that its nationwide customer base will continue to receive uninterrupted service.
UBS Europe, EY and Moratis Passas acted as financial, technical and legal advisors, respectively, to Piraeus in connection with the transaction.
Athens, 22 May 2025