Italian commercial bank UniCredit today unveiled an offer to the Hellenic Financial Stability Fund (HFSF) to the purchase of all the shares that the HFSF currently holds in Alpha Services and Holdings, equal to 9% of the share capital, company which in turn owns the Greek banking institution in its entirety Alpha Bank, which is also active in the transport sector, mainly in shipping. As of 30 June The latter accounted for 11% of the credit portfolio of the which amounted to €39.8 billion. In particular, the three € billion related to the shipping portfolio 44% were in the bulk carrier segment, 36% to tankers, 10% to Container ships, 8% to financing for gas vessels liquefied natural waste and 2% to financing for passenger ships.

UniCredit has specified that, if the process with the HFSF does not completed, undertook to buy the lesser of a 5% stake or the resulting stake the investment of a pre-determined amount within 24 months.

In addition, the Italian bank has signed agreements with Alpha Services and Holdings for the merger of their respective banks into Romania and to establish a commercial partnership in the distribution of insurance, asset management and other products banking products in Greece.