National Bank of Greece €1.1 Billion Secondary Share Offering

Shearman & Sterling advised the Hellenic Financial Stability Fund (HFSF) as selling shareholder in connection with the sale of €1.1 billion of shares in National Bank of Greece (NBG) representing 22% of NBG’s share capital. The transaction was structured as a fully marketed secondary offering to retail investors in Greece and institutional investors in Greece and elsewhere in reliance on Rule 144A / Regulation S under the US Securities Act.

NBG is one of the four systemic banks in Greece and maintains a prominent position in Greece’s financial services sector.