Ex­ten­sion for Hel­lenic Post­bank sale

Kathimerini English - - Front Page -

It ap­pears that the govern­ment will se­cure an ex­ten­sion of a few days from its in­ter­na­tional cred­i­tors for the sale of Hel­lenic Post­bank.

The com­ple­tion of the trans­ac­tion for the state-con­trolled lender has been up­graded to a prior ac­tion re­quired for the dis­burse­ment of the next in­stall­ment of the coun­try’s bailout pro­gram. Ac­cord­ing to that, the bank should be sold by July 15.

In­vestors who are in­ter­ested can now col­lect Hel­lenic Post­bank’s fi­nan­cial fig­ures, while Gold­man Sachs has been com­mis­sion as a con­sul­tant to the Hel­lenic Fi­nan­cial Sta­bil­ity Fund (HFSF).

The mar­ket is tak­ing it for granted that Eurobank (which is also state-con­trolled for now), National Bank and Alpha Bank are in­ter­ested in Hel­lenic Post­bank, while in­ter­est has also been ex­pressed in­for­mally by for­eign in­vestors. Bank­ing sources say that Eurobank has the edge so far in that race.

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