ECONOMY

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.

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