ATHENS, April 22 Shares in Greece's
second-largest lender Piraeus Bank gained 13 percent
after it said on Monday it had clinched a deal to buy Portuguese
lender Millennium BCP's Greek unit and agreed that BCP would
invest 400 million euros in its recapitalisation.
"The shares are reacting to the deal with Millennium BCP
, whose investment in Piraeus will help it cover the 10
percent private sector participation which is required to stay
private," said Euroxx Securities analyst Maria Kanellopoulou.
Piraeus Bank will pay 1.0 million euros to buy Millennium
(Reporting by George Georgiopoulos)