Reuters on Tuesday reported that four binding bids were tabled for a majority stake in Ethniki General Insurance Co. S.A., the insurance subsidiary of National Bank of Greece, Greece’s oldest credit institution.
The news agency quotes a “banking source” in the capital.
The bids concern a 75-percent stake in the insurance company.
According to Reuters, the bids were placed by China’s Fosun 0656.HK; two Shanghai-based companies, Gonbao and Wintime, and finally, the Netherlands-based Exin Parnters. A preferred investor is expected to be announced by the end of the week.
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