Greece's NBG Appoints Advisors For Turkish Unit Stake Sale
November 11 2010 - 10:40AM
Dow Jones News
National Bank of Greece SA (NBG), the country's largest lender,
said Thursday it has appointed six investment banks to act as
advisors on the sale of a stake in its Turkish unit.
"The team of advising banks includes Credit Suisse (CS),
Deutsche Bank AG (DB), Morgan Stanley (MS), Bank of America Merrill
Lynch (BAC), Goldman Sachs International (GS) and HSBC (HBC)," NBG
said in a statement.
After NBG successfully raises EUR1.8 billion of capital, it
intends to raise about EUR1 billion for the sale of an up to 20%
stake in Finansbank (FINBN.IS).
"The public tender may include issuing new shares as well as the
sale of existing shares and will be completed as soon as market
conditions and regulatory approvals allow," NBG added.
The bank emphasised that it would retain at least 75% of its
Turkish unit.
-By Nick Skrekas, Dow Jones Newswires; +30 210 2830685;
nick.skrekas@dowjones.com
Hsbc (LSE:HSBA)
Historical Stock Chart
From Apr 2024 to May 2024
Hsbc (LSE:HSBA)
Historical Stock Chart
From May 2023 to May 2024