National Bank stake sale oversubscribed - source

National Bank of Greece

16/11/2023 18:50

ATHENS, Nov 16 (Reuters) - The sale of a 22% stake in
National Bank of Greece (NBG) by the country's HFSF bank bailout
fund was oversubscribed by more than eight times on Thursday, a
source close to the process told Reuters.
    The sale via a book-building process and a public offering
concluded earlier on Thursday at 5.30 euros per share, the
source said.
    Fidelity, Blackrock, Norgest, Lazard, RWC and Alliance were
among the investors who bought shares in Greece's second largest
bank by market value.

 (Lefteris Papadimas)
 ((athens.newsroom@allreleases.net))