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Financial Mirror (Cyprus) - - FRONT PAGE -

Na­tional Bank of Greece SA an­nounced a sec­ondary of­fer­ing of shares in its Turk­ish sub­sidiary Fi­nans­bank rep­re­sent­ing 2.25% of the paid-in cap­i­tal while grant­ing an op­tion of not more than 26.9% of the share cap­i­tal and thus re­tain­ing majority con­trol.

As al­ready an­nounced, based on the re­struc­tur­ing plan ap­proved by the Euro­pean Com­mis­sion com­pe­ti­tion body, NBG is re­quired to re­duce its share­hold­ing in Fi­nans­bank so that its share own­er­ship rep­re­sents no more than 60% by the end of 2015.

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