Greece Said to Ready 20% Stake Sale in National Bank Next Month
- Lender had a market value of almost €5 billion on Wednesday
- Book-building process planned for part of divestment
The National Bank of Greece SA in Thessaloniki, Greece.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
Greece is preparing to sell a 20% stake in National Bank of Greece as part of its divestment plan for the country’s lenders.
The move is expected to take place mid-November, people familiar with the matter said, asking not to be identified as the details aren’t public yet. The aim is to attract as many long-term investors as possible.