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National Bank of Greece SA And Eurobank Ergasias SA Seek Delay To TT Hellenic Postbank S.A. Sale; Hellenic Financial Examines Alpha Bank S.A. And Attica Bank S.A.'s Offer For Postbank-Reuters


Tuesday, 8 Jan 2013 11:17am EST 

Reuters reported that National Bank of Greece SA and takeover target Eurobank Ergasias SA have asked authorities to delay picking a buyer for troubled state lender TT Hellenic Postbank S.A. until their transaction is complete. NBG, one of four bidders for Postbank, wants to avoid the Postbank race complicating NBG's tender offer to Eurobank shareholders, which was launched in October before the bank expressed its interest in the state lender. Eurobank, which has a stake in Postbank, has also submitted a non-binding offer for it. Eurobank said extending the selection process for Postbank suitors would give it time to come up with a combined offer with NBG post-takeover. The Hellenic Financial Stability Fund is examining all of the non-binding offers submitted for Postbank, which also include submissions from Alpha Bank S.A. and Attica Bank S.A. Financial terms of the deal were not disclosed. 

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