Greece's Alpha Bank (ALBKY.PK) and EFG Eurobank call off their shotgun marriage as EFG's large...

|About: Alpha Bank A.E. ADR (ALBKY-OLD)|By:, SA News Editor

Greece's Alpha Bank (ALBKY.PK) and EFG Eurobank call off their shotgun marriage as EFG's large portfolio of Greek sovereign debt makes it less attractive following the bond swap (a haircut of 53% as opposed to around 20% expected when the merger was announced). Shares are flying in Athens, Alpha +6.3%, EFG +5%.