Oct. 5, 2012, 7:22 PMThe 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. | Oct. 5, 2012, 7:22 PM | 4 Comments
Oct. 5, 2012, 8:11 AMNational Bank of Greece (NBG) and Eurobank Ergasias are reportedly in merger talks that would create the country's largest lender. The talks come as the country's staggering lenders are under pressure to survive by leaning against one another. Shares are halted in Athens, but the ADRs +11.6% premarket. | Oct. 5, 2012, 8:11 AM | 1 Comment
Sep. 1, 2011, 7:56 AMAn update on Greece, where the merger of Alpha Bank and Eurobank sent Athens soaring almost 15% on Monday: The overall index has declined 11% since. Up more than 30% the day of the merger, National Bank of Greece (NBG), is within a penny of returning to its previous level. | Sep. 1, 2011, 7:56 AM | Comment!
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