Greece’s Alpha, Piraeus Find Demand for $4.2 Billion Sales
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Alpha Bank A.E. said it 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.
Alpha Bank will price the sale at 65 euro cents apiece, it said in a statement. Piraeus Bank stock is being offered at 1.60 euros to 1.75 euros, said two people with knowledge of the matter, who asked not to be named while the transaction is on. The sale has enough demand for all the shares, they said.