National Bank of Greece has requested from DG Comp a two-year extension of a deadline to sell its subsidiary National Insurance, expecting either to have found a strategic investor or to list the company’s shares in the stock market by then, bank sources said on Friday, according to ANA.
The sources added that decisions were expected before the end of 2020 and noted that the bank’s goal was to avoid a forced and hasty selling of the company. The selling procedure is expected by the end of 2019, although a possible public offer of National Insurance’s shares was not excluded. In any case, National Bank will sell 75 pct of its stake in National Insurance and the bank is examining all possible options.
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