Greece's bank bailout fund, the Hellenic Financial Stability Fund (HFSF), will begin selling a stake of up to 12% in the National Bank of Greece early next week, according to two officials familiar with the matter.
"Our plan is to initiate the sale of 10% to 12% on Monday, with the goal of concluding the process by Wednesday," one official told Reuters. A second official also confirmed the timing of the sale.
Currently, the HFSF holds an 18.4% stake in the National Bank, which is Greece's second-largest lender by market value.
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