Credit Agricole Wants Greek Unit Bids This Month, Euro2Day Says

Credit Agricole SA wants the three Greek banks that wish to buy Emporiki Bank SA, its Greek unit, to make supplementary bids by Sept. 29 at the latest, Euro2day reported, without citing anyone.

National Bank of Greece (TELL) SA, Alpha Bank SA and Eurobank Ergasias SA must also offer guarantees to Credit Agricole in return for its continued coverage of a funding gap at Emporiki, the financial website said, adding that the French lender will announce its decision within the first 10 days of October.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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