articles | 21 October 2015

Wargaming sells Hellenic shares

Wargaming has sold almost 50 million of its shares in Hellenic Bank to an unspecified buyer.

The sale brings the company’s stake in the bank down to 24.8% from 26.2% and it retains its title as the second biggest shareholder in Hellenic after Loeb’s New York-based Third Point LLC.

The other two major shareholders in Hellenic are Demetra Investment Fund and the European Bank of Reconstruction and Development.

Wargaming Public Co Ltd is an international game developer and publisher with its headquarters in Nicosia.

The company operates across 16 offices and development centres all over the world.

Ever since the company switched to developing free-to-play online action games in 2009 it has become one of the leaders in the market.

The company’s commercial success came with the award-winning military-themed team-based game ‘World of Tanks’.

Source: InCyprus

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