The technology company has invested a total of 127 million euros in Hellenic Bank since November 2013
Cypriot technology company, Wargaming Group, intends to remain in Hellenic Bank as a shareholder. Although it sold 13.41% to Eurobank at the beginning of December, Wargaming states that its goal now is to concentrate on what it says it “does best”, namely creating good games.
The financial director (CFO) of Wargaming, Mr. Andrew Tinney, in a press conference emphasized that the company has no debt (debt free he emphasized), at the same time entertaining all the rumors that the company sold the shares it had in Hellenic Bank for the purpose of raising liquidity .
The Chief of Staff of the CEO of the company, Mrs. Marianna Pantelidou Neofytou, emphasized that the company remains the 4th largest shareholder of Hellenic Bank and will continue to be a part of Hellenic with the 6, 8% she has left. Her colleague at Wargaming, Christodoulos Hadjistavris, when he receives the required supervisory approval, will replace her on the Board of Directors of Hellenic Bank. Finally, regarding the sale of the shares in Eurobank, Ms. Pantelidou noted in the press conference that she would not sell the shares to a Group that she did not believe was a buyer that would add further value to the Bank.
Wargaming invested a total of 127 million euros in Hellenic Bank. In November 2013 he put in 40 million euros, in November 2014 another 63 million euros and in March 2019 he put in 24 million euros.