LONDON, June 24 National Bank of Greece
is reviewing second-round bids for its
London-headquartered private equity business and hopes to sell
it "imminently", the bank's deputy chief executive Petros
Christodoulou told Reuters.
"We are now going through the second round of the secondary
sale process. We believe that this is an imminent thing,"
Christodoulou said. "It's most likely that it will be done by
He would not specify how many bidders were left, but said it
was about a quarter of those who had initially shown interest.
The business manages about 900 million euros in assets and has
been on the market since January.
Christodoulou added that the bank may issue further debt
soon, to follow a 750 million euro ($1.02 billion) five-year
bond it issued in April at a lower interest rate than the Greek
"If we find there is a market, there is a format, that is
not competing with the issue we place, we could be in the market
much sooner (than the next few months)," he said.
($1 = 0.7357 euros)
(Reporting by Laura Noonan; editing by Jason Neely)