Commercial Bank of Greece to sell stakes in Armenian and Georgian units
AFX Europe (Focus)
Sep 28, 2004
ATHENS (AFX) – Commercial Bank of Greece (Emporiki Bank) announced
today it plans to sell the majority stakes it owns in the subsidiaries
in Emporiki Bank Armenia and Emporiki Bank-Georgia.
According to a source, Emporiki Bank has already found bidders.
Emporiki currently owns a 76.52 pct stake in Emporiki Bank Armenia
and a 75 pct stake in Emporiki Bank-Georgia.
Source: Euro2day NewsWire