Piraeus Bank S.A. (“Piraeus” or the “Company”) informs the investment community that its shareholder, Paulson & Co. Inc. (“Paulson”), notified the Company on 04 November 2026 of the following statement:
<<As part of a portfolio rebalancing today, Paulson & Co. reduced its stake in Piraeus to approximately 104 million shares or 8.4% of the Company. After the sale, Paulson continues to be the largest shareholder of Piraeus. Paulson has been a long-term, supportive shareholder of Piraeus over many years, including through its purchase of approximately 233 million shares in the 2021 recapitalization at €1.15 per share alongside the Greek government. Since that time, Piraeus has been transformed under the expert leadership of CEO Christos Megalou.>>
"We remain enthusiastic about Piraeus' future prospects," said John Paulson, President of Paulson Capital. “Alex Blades, a partner at Paulson and Vice Chairman of the Board of Directors of Piraeus, will continue to be an active member of the Board”.
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