Milbank LLP advised CrediaBank S.A. (formerly known as Attica Bank) (“CrediaBank”) on the acquisition of HSBC Continental Europe, S.A.’s (“HBCE”) majority stake in HSBC Bank Malta p.l.c. (“HSBC Malta” or “Bank”).
The transaction is subject to regulatory approval from the MFSA, the Bank of Greece and the European Central Bank, and would be expected to be completed by end of 2026.
CrediaBank is the fifth largest bank in Greece by total assets offering a broad range of financial services, including loans, deposits, insurance products, investment products, mutual funds and stock trading services to retail and corporate customers.
HSBC Malta is a franchise with leading market positions in Malta’s growing banking market.
Lisa O’Neill, Global Corporate/M&A partner at Milbank, commented, “We are delighted to have supported CrediaBank with this transformational deal.”
The Milbank deal team advising CrediaBank was led by partners Apostolos Gkoutzinis (Corporate Finance and Securities, London) and Lisa O’Neill (Global Corporate/M&A, London) with support from associates Lewis Whiteoak and Adam Chang (Global Corporate/M&A, London).
The team also included partners Nathaniel Browand (Litigation & Arbitration, New York), Lara Watt (Global Corporate/M&A, London), Moritz Lichtenegger (Antitrust, Munich), Alan Rafferty (Tax, London), associates Julia Röhrer (Antitrust, Munich), Liam Markham (Tax, London), Jade Du Berry (Tax, London) and trainee Annis Easton (Global Corporate/M&A, London).
