Finance
Greece Said to Pick JPMorgan to Arrange National Bank Stake Sale
- Government plans a 10% stake sale in National Bank of Greece
- Sale could happen in early October but no final decisions yet
The Bank of Greece headquarters in Athens.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
Greece has picked JPMorgan Chase & Co. to help lead a further stake sale in National Bank of Greece SA, according to people familiar with the matter.
The state’s Hellenic Financial Stability Fund — a bank recapitalization tool established at the start of Greece’s bailout programs — is considering selling roughly a 10% stake in the lender, some of the people said. It’s planning to launch the deal as soon as early October, according to the people, who asked not to be identified because the information is private.