ECONOMY

Greece’s Piraeus Bank planning to list Geniki

Piraeus Bank, Greece’s second-largest lender, is planning to list unit Geniki Bank on the stock exchange in the next six months, the Financial Times reported on Thursday, citing people briefed on the plan.

Piraeus has hired Deutsche Bank and Barclays PLC to advise on the listing, which could raise about 200-300 million euros, the newspaper reported.

Piraeus will try to retain 10 percent to 20 percent of Geniki for the time being, the FT said.

[Reuters]