National Bank eyeing Emporiki takeover
National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying Credit Agricole’s Greek unit, Emporiki Bank, the Financial Times reported on Saturday.
France?s Credit Agricole asked local Greek banks to submit bids for a majority stake in its Emporiki Bank SA unit earlier in June amid concerns of a bank run in Greece, the FT said, citing an unidentified source.
The three banks indicated they were prepared to make bids for Emporiki if they get approval from the Hellenic Financial Stability Facility (HFSF), according to the report. The French bank declined to comment, the report said.
[Bloomberg]
