ATHENS, Nov 23 (Reuters) - Greece's Alpha Bank said on
Monday that it picked U.S. investment fund Davidson Kempner as
its preferred bidder to buy a 10.8 billion euros  ($12.81
billion) portfolio of non-performing loans in what will be
Greece's largest-ever sale of bad debt.
    Reuters had exclusively reported on Friday that Alpha Bank
had selected Davison Kempner European Partners as the preferred
bidder for the Galaxy transaction  ID:L1N2I62U5 
    The sale also includes the disposal of Alpha's bad loan
servicing unit, Cepal. Davidson Kempner has valued the assets at
about 290 million euros, a source told Reuters on Friday.

($1 = 0.8430 euros)

 (Reporting by Lefteris Papadimas)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))