The National Bank of Greece announces the completion of the transaction for the acquisition of a minority stake in EPSILON NET SA as well as the signing of a strategic cooperation agreement

Following its announcement on 4.5.2023 regarding the signing of an agreement with Mr. Ioannis Michos for the purchase of a minority stake in EPSILON NET S.A. (‘EPSILON NET’), the National Bank of Greece (‘NBG’) today announces the completion of the transaction for the purchase of 7.5% of the total share capital of EPSILON NET held by Mr. Michos at a price of €7.49/share. 
NBG also announces the signing of a long-term, exclusive strategic cooperation agreement with EPSILON NET for the joint design, development, and distribution of products and digital services focusing on strengthening and supporting entrepreneurship in Greece. 
Deloitte Business Solutions conducted Financial and Tax Due Diligence of EPSILON NET on behalf of NBG and Karatzas & Partners law firm were NBG’s external legal counsel for the transaction.