Alpha Services and Holdings S.A.

M&A Activity • Aug 4, 2025

Alpha Bank S.A. announces the signing of definitive share purchase agreement for the acquisition of AXIA Ventures Group Ltd [04.08.2025]

Alpha Bank S.A. ("Alpha Bank") announces that, along with its fully owned subsidiary Alpha Finance Investment Services S.M.S.A. ("Alpha Finance"), it has entered into definitive share purchase agreement ("SPA") with the shareholders of AXIA Ventures Group Ltd ("AXIA") for the acquisition of 100% of AXIA's issued share capital (the "Transaction").

This follows the announcement of 31st of March 2025 regarding the agreement on the key commercial and legal terms of the Transaction. The signing of definitive SPA marks a significant milestone in Alpha Bank's strategy to establish the leading Investment Banking & Capital Markets platform in Greece and Cyprus. Upon completion of the Transaction, AXIA will be combined with Alpha Finance, the Bank's Investment Services subsidiary and Alpha Bank's Investment Banking unit, forming the most prominent investment banking platform in Greece and Cyprus (the "Combined Entity"), that will deliver best-in-class, tailored and comprehensive investment banking services including among others, in the areas of Capital Markets (ECM / DCM), M&A Advisory and Brokerage.

AXIA's senior management has committed to long-term leadership roles in the Combined Entity, ensuring continuity and reinforcing the strategic alignment between the two organizations.

The Transaction supports Alpha Bank's strategy of accelerating growth in feegenerating activities and commission income generation, further diversifying revenue streams, while also significantly enhancing the product and service offering for corporate clients.

The Transaction is expected to be EPS accretive by approximately 1.4%, delivering a return on invested capital (RoIC) in excess of 20%, with limited impact on the Group's CET1 ratio, of below 20 basis points.

Transaction completion is expected in the fourth quarter of 2025, subject to regulatory approvals and satisfaction of customary conditions. In accordance with all applicable laws and regulations, Alpha Bank will keep investors informed on any material developments.