EWPWAM Piraeus Bank, sign, Crete, Greece bank
Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank, owned by the country’s bank bailout fund HFSF, it said on Sunday.
The securities regulator said the shares would be sold via a public offering in Greece. It did not give the size of the stake the Hellenic Financial Stability Fund (HFSF) would sell in the bank.
Two sources close to the process have told Reuters that the HFSF was likely to sell its entire 27% stake in the bank in early March.