20/04/2026
BOYANOV & Co. Contributes to Successful ECB Approval for Fairfax Group’s Strategic Eurobank Acquisition
On April 8, 2026, the European Central Bank (ECB) announced its non-objection to the proposed direct and indirect acquisition of significant holdings in Eurobank S.A. (Greece), Eurobank Limited (Cyprus), Eurobank Private Bank Luxembourg S.A. (Luxembourg), and Eurobank Bulgaria AD (Bulgaria) by the Fairfax Financial Holdings Group (FFH Group), an organization with a global presence. The regulatory review encompassed 29 FFH Group companies acting in concert as the Proposed Acquirers.
This decision was made within the framework of the EU Single Supervision Mechanism (SSM) after an extensive and rigorous supervisory evaluation conducted by the relevant national competent authorities (NCAs): the Bank of Greece, the Central Bank of Cyprus, the Commission de Surveillance du Sécteur Financier, the Bulgarian National Bank (BNB), as well as the ECB itself. The review process, triggered by notifications submitted by the Proposed Acquirers in October 2023, demanded sustained, diligent, and coordinated professional efforts from the FFH Group and their legal teams across several EU jurisdictions, including Bulgaria.
In collaboration with Potamitis Vekris, a prominent Greek law firm, BOYANOV & Co’s Senior Counsel Svetlina Kortenska represented FFH Group throughout this nearly three-year regulatory assessment before the SSM, comprising both the ECB and the BNB. Their commitment and expertise culminated in the successful completion of the process, marked by the ECB’s non-objection decision.
