Morgan Stanley ups holding in Alpha Bank

Morgan Stanley has increased its holding in Alpha Bank to 5.1 percent from 4.965 percent, the Greek lender said in a bourse filing on Monday.

The stake was acquired on an unsolicited basis, Alpha Bank said.

The Athens-based lender, Greece?s third largest, added that Morgan Stanley advised peer National Bank on its proposed merger with Alpha, which it later rejected.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.