A British hedge fund is leaking information that Paulson intends to sell part or the entirety of his 14% stake in Piraeus Bank in the €9.30 zone, up from the current price of €8.26 with a market capitalization of €10.2 billion. This information reached a major American bank, which is among the sources for bankingnews (BN).
While Paulson trusts the successful management of Christos Megalou at Piraeus, he is reportedly considering a sale above €9, specifically at €9.30.
According to the British hedge fund, an interested party or parties have already been found. Generally, the Paulson family office declares itself a long-term investor, but current valuations are strong. They are expected to strengthen further as the Q1 2026 results, to be announced by Piraeus on April 30, will be very robust, creating expectations that 2026 will be a spectacular year.
Furthermore, logically, the Paulson family office enjoys healthy dividends from high profits and would have no reason to exit for the next few years, given that profitability is expected to remain strong through 2030. However, everything is a matter of price.
The American investor Paulson holds a 14% stake in Piraeus, or approximately 173 million shares; at €9.30 per share, he would realize €1.65 billion. Based on the average acquisition cost, this would translate to a net profit of approximately €950 million.
Serious footnote
This leak may involve purely market speculation and carry strictly speculative motives; we mention this because Paulson has stated he is in no hurry with Piraeus Bank. In any case, Piraeus Bank does not confirm this rumor.
www.bankingnews.gr
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