Deutsche Bank to sell 9.3-pct stake in Greek bank EFG Eurobank Ergasias
12/11/2003 15:27
Deutsche Bank, the biggest bank in Germany, said Wednesday it plans to sell its 9.3-percent stake in Greece's second-biggest private bank, EFG Eurobank Ergasias as part of its declared strategy of selling off its portfolio of shareholdings.
The stake, comprising around 29.2 million shares in EFG, was worth more than 400 million euros (460 million dollars) based on the Greek bank's current share price and would be placed privately in Greece.
Deutsche Bank itself would act as lead manager and bookrunner and EFG would be joint lead manager.
The stake, comprising around 29.2 million shares in EFG, was worth more than 400 million euros (460 million dollars) based on the Greek bank's current share price and would be placed privately in Greece.
Deutsche Bank itself would act as lead manager and bookrunner and EFG would be joint lead manager.
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