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Greece's National Bank to bid for Emporiki: sources
August 6, 2012 / 10:10 AM / 5 years ago

Greece's National Bank to bid for Emporiki: sources

ATHENS (Reuters) - Greece’s National Bank (NBGr.AT) will submit a bid for Credit Agricole’s (CAGR.PA) struggling Greek unit Emporiki, banking sources told Reuters on Monday.

“National Bank will make an offer for Emporiki,” one banking executive close to the talks said on condition of anonymity.

The deadline for submitting offers is August 8, banking sources have told Reuters.

National’s Greek rival Eurobank EFGr.AT is also expected to make a bid, while Alpha Bank (ACBr.AT) has already offered to buy the unit.

Reporting by George Georgiopoulos

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