CrediaBank Eyes Pantelakis Brokerage: Exclusive Talks to Acquire 70% Majority Stake

CrediaBank has confirmed it is in exclusive discussions for the potential acquisition of a 70% majority stake in Pantelakis Securities S.A. (AEPEY), with a call and put option on the remaining 30% three years after the deal’s completion.

The agreement does not include the 50% stake Pantelakis holds in AssetWise S.A., a leading asset management company. To date, no definitive agreement has been reached, and completion depends on regulatory approvals and confirmatory due diligence by the bank.

The potential deal is expected to close by the end of Q1 2026 and will be funded from CrediaBank’s own resources. The acquisition is expected to have limited impact on the bank’s capital position while simultaneously boosting fee income and diversifying revenue streams.

The move is driven both by brokerages reacting to Euronext competition and by banks aiming to provide clients with a full suite of financial services, from asset management and advisory to mutual funds and insurance products.

Founded in 1920 by the Pantelakis family, Pantelakis Securities is one of Greece’s oldest and most established names in brokerage services. The firm offers trading and capital markets services to retail and institutional investors, covering Greek and international equities, bonds, and derivatives.

With this strategic move, CrediaBank demonstrates its aim to expand and upgrade its portfolio, strengthen its presence in the Greek capital markets, and offer complementary financial services that can enhance the bank’s long-term profitability.