Alpha Bank to Sell 30% Stake in Eastern Europe Units - Report

Finance | April 8, 2012, Sunday // 16:21|  views

Alpha Bank will reportedly sell 30% in its Eastern European units to European Bank for Reconstruction and Development.

Alpha Bank plans to separate its units in Romania, Ukraine, Serbia, Bulgaria, Albania and Macedonia from their Greek parent and place them into a holding company in which the EBRD would buy a stake, Athens-based Real News reported on Sunday, as cited by Bloomberg.

The Greek newspaper has not revealed how it received the information.

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Tags: Alpha Bank, Bulgaria, Units, European Bank for Reconstruction and Development


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