The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank...

|By:, SA News Editor

The National Bank of Greece (NBG) makes it official with an all-share bid to buy Eurobank Ergasias SA. The combined bank will have assets totaling in access of 177.7B euros ($231B). NBG, already the largest lender in Greece, will offer 58 new shares for every 100 shares of Eurobank. At present, 43.6% of Eurobank shareholders have agreed to tender their shares.