Greece Is Said to Tap More Advisers on National Bank Stake Sale

Sept. 11, 2024, 2:14 PM UTC

Greece has lined up more investment banks to help arrange a share sale in National Bank of Greece, according to people familiar with the matter, as the government looks to reduce its stake in the country’s lenders.

The state’s Hellenic Financial Stability Fund — a bank recapitalization tool established at the start of Greece’s bailout programs — has added Bank of America Corp., Citigroup Inc. and Deutsche Bank AG to assist with a deal, the people said. Meanwhile, Goldman Sachs Group Inc. and Morgan Stanley are working with National Bank of Greece on the preparations, they said.

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