ECONOMY

Piraeus Bank halts sale of Egyptian operation

Piraeus Bank SA, a Greek lender, said it is terminating with immediate effect the sale process of its unit, Piraeus BankEgypt.

Piraeus said it doesn?t intend to solicit any purchase offers in the near future for the unit and will focus on providing full support to its Egyptian banking operations, according to an Athens bourse filing on Tuesday. [Bloomberg]