National Bank of Greece SA (NAGF.BE)
- Reuters
Greece to kick off National Bank stake sale next week, sources say
ATHENS (Reuters) -Greece's bank bailout fund HFSF will start the process to sell a stake of up to 12% in National Bank of Greece early next week, two officials with knowledge of the matter said on Tuesday. With the planned sale, Greece will conclude the re-privatisation of its banks, which were bailed out during a debt crisis that nearly drove the country out of the euro zone. HFSF holds an 18.4% stake in National Bank (NBG), Greece's second largest lender by market value.
- Insider Monkey
20 Countries by Productivity Growth in 2023
In this article, we will be analyzing the global productivity outlook while covering the 20 countries by productivity growth in 2023. If you wish to skip our detailed analysis, you can move directly to the 5 Countries by Productivity Growth in 2023. Productivity Across the Globe: An Overview The global pandemic struck the world’s economy […]
- Reuters
Greece's National Bank stake sale oversubscribed -source
Greece on Thursday sold a 22% stake in National Bank (NBG), its second-biggest lender by market value, with the sale oversubscribed by more than eight times, a source close to the process told Reuters. After injecting about 50 billion euros ($54 billion) to prop up Greece's four largest lenders in return for shares during the country's decade-long debt crisis which ended in 2018, state-controlled bank bailout fund HFSF started divesting its stakes last month. On Monday, HFSF concluded the sale of a 9% stake in Alpha Bank to UniCredit and announced plans to sell a 20% stake in NBG.
