Greece Sells Entire Stake in Piraeus Bank After Strong Demand

Greece is selling its entire 27% stake in Piraeus Bank, underlining the government’s determination to divest its finance holdings as the economy recovers.

The Hellenic Financial Stability Fund — a bank recapitalization tool established at the start of Greece’s bailout programs — said on Monday it will sell its full stake in the lender. The fund previously said on Sunday that it would sell 22% of the bank, while reserving the right to offload its entire holding.

Books were fully covered just after they opened on Monday morning, according to terms of the deal seen by Bloomberg. Piraeus shares ...