Greece’s bank rescue fund starts process to sell 1.4% stake in Eurobank
Greece’s bank rescue fund HFSF said on Monday it has initiated the process to sell a 1.4% it holds in Eurobank. Interested investors can submit offers from Sept 25 to Oct 6, it said, adding that Eurobank had already submitted an offer on Sept. 22 for a targeted share buyback. Eurobank won shareholder approval in July to buy back the stake. During the country’s financial crisis which broke out in 2010, the state-controlled HFSF acquired stakes in Greece’s four largest banks in turn for injecting about 50 billion euros to ...
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