Davis Polk advised Goldman Sachs International and Morgan Stanley & Co. International plc as joint global coordinators and joint bookrunners, and Citigroup Global Markets Limited, HSBC Bank plc, Mediobanca – Banca di Credito Finanziario S.p.A., Merrill Lynch International and UBS Limited as joint bookrunners, in connection with an offering by National Bank of Greece S.A. of 1,136,363,637 new ordinary shares at a price of €2.20 per share. The total gross proceeds from the offering amounted to €2.5 billion. The new ordinary shares are listed on the Athens Stock Exchange.
Founded in 1841, National Bank of Greece is one of the largest financial institutions in Greece, providing a wide range of financial services, including retail, commercial and investment banking services and asset management and insurance. National Bank of Greece has operations in Greece, its principal market, and in most markets of Southeastern Europe (Albania, Bulgaria, Cyprus, the Former Yugoslav Republic of Macedonia, Romania, Serbia and Turkey).
The Davis Polk corporate team included partner Jeffrey M. Oakes and associates Radoslaw Michalak and Samuel Burley. Partner Simon Witty and associate Dan Hirschovits provided English law advice. Partner John D. Paton and associate Omer Harel provided tax advice. All members of the Davis Polk team are based in the London office.
