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Credit Agricole Gets Bids for Emporiki From Greece’s Banks

Credit Agricole SA received bids from Greece’s biggest lenders for its unprofitable Emporiki Bank unit, moving the French company closer to an exit from Greece.

National Bank of Greece SA and Eurobank Ergasias SA submitted offers for Emporiki, they said in statements yesterday. They join Alpha Bank SA, Greece’s No. 3 lender, in their pursuit of Athens-based Emporiki, six years after Credit Agricole took control of the company. The banks didn’t disclose financial terms.