Eth­niki sale process will not re­sume be­fore H2 this year

Kathimerini English - - Focus -

of Greece will not restart the sale of Eth­niki In­sur­ance be­fore the sec­ond half of this year, as it has been granted a two-year ex­ten­sion to end-2020 for that pur­pose by the Euro­pean au­thor­i­ties. NBG Chief Ex­ec­u­tive Pav­los My­lonas yes­ter­day said that the bank’s man­age­ment will ad­dress for­eign in­vestors in the year’s sec­ond half and make prepa­ra­tions for an ini­tial pub­lic of­fer­ing, so that the nec­es­sary de­ci­sions can be made by early next year. NBG in­tends to con­cede the 75 per­cent stake in the in­surer through the stock mar­ket.

Na­tional Bank

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