Greece’s sale of 27% stake in Piraeus Bank privatization draws investors
5/3/2024 6:23
There was keen investor interest in acquiring a 27 percent stake in Piraeus Bank from Greece’s bank bailout fund, which was oversubscribed as it will be the third of the country’s four biggest banks to be fully privatized.
Two sources close to the process confirmed it to Reuters and one said that, “Demand is very strong and the offering has been oversubscribed in a few minutes after the books opened,” with up to 25 percent to institution investors and 2 percent to retail investors.
Source: The National Herald
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