Alpha Bank Sale Said Covered as Greek Lenders Seek $4.2 Billion
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Alpha Bank A.E. has enough demand for all its stock as the Greek lender joined Piraeus Bank SA in selling 3 billion euros ($4.2 billion) in shares to bolster capital, two people with knowledge of the matter said.
Investors that bid below 65 euro cents apiece for Alpha Bank shares may not receive stock, the people said, asking not to be identified as the details aren’t public. The sale closes for investors at 10 a.m. in London.