Four suit­ors line up for stake in Fi­nans­bank

Kathimerini English - - Focus -

IS­TAN­BUL (Reuters) – Qatar Na­tional Bank, Tur­key’s Garanti Bank and Fiba­banka are in­ter­ested in an an­tic­i­pated sale by Na­tional Bank of Greece of a stake in its Turk­ish unit Fi­nans­bank, sources close to the mat­ter have told Reuters. One source said an un­named Chi­nese group was also in­ter­ested in the stake sale in Fi­nans­bank, which is vir­tu­ally 100 per­cent-owned by NBG. Un­der a restruc­tur­ing plan ap­proved by Euro­pean reg­u­la­tors, NBG com­mit­ted to selling 40 per­cent of its Fi­nans­bank stake but post­poned the plans ear­lier this year on val­u­a­tion con­cerns. NBG, Greece’s big­gest len­der, de­clined last week to com­ment on a re­port that it had re­ceived a bid from QNB valu­ing Fi­nans­bank at about 3 bil­lion eu­ros. “In to­tal four groups have made bids. NBG wants to have con­crete bids

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