Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln

EconomyBanking Tags: Alpha, Banking, Eurobank, HFSF, NBG, Piraeus

The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.

After the announcement of the deal between Alpha Bank and UniCredit, which included the Romanian operations and the sale of the insurance branch of the Greek lender, UniCredit also submitted an offer to acquire the Hellenic Financial Stability Fund’s (H...

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