ATHENS, March 22 Piraeus Bank has been
chosen to take over the Greek branches of Cypriot lenders that
are being sold, Greece's bank bailout fund confirmed on Friday.
The deal is subject to approval by European competition
authorities, a statement from the Hellenic Financial Stability
Fund said. It did not provide terms of the deal.
The statement confirmed a Reuters report citing banking
sources saying Piraeus had beaten out Alpha Bank in
the race for the Greek units of Cyprus's two largest lenders -
Bank of Cyprus and Cyprus Popular.
(Reporting by George Georgiopoulos, writing by Deepa Babington)