Greece could therefore make as much as €727.2m from the sale, with books expected to close on 2 October.
Although the sale marks a pause in state withdrawals from lenders, the government will retain a 8.4% holding in the National Bank of Greece.
This comes after numerous exits in the past year, symbolic of Greece’s recovery following the debt crisis of 2009.
The state has fully withdrawn from Eurobank, Alpha Bank, and Piraeus.
Earlier this year, the ECB permitted Greek banks to pay a yearly dividend to shareholders for the first time since 2008.
The Greek economy is projected to grow at 2.3% in 2025, according to the European Commission – higher than the eurozone average
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Publish date : 2024-09-30 01:30:00
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