Greece to Sell ‘Significant' Stake in Piraeus Bank in Months [Yahoo! Finance]
ALPHA SVCS & HLDGS S/ADR (ALBKY)
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Source: Yahoo! Finance
Most Read from Bloomberg YouTube and Spotify Won't Launch Apple Vision Pro Apps, Joining Netflix Blinken's Return From Davos Was Delayed After Plane Broke Down Trump Moves to Quash Hopes of Congress Ukraine, Border Deal Trump Asks Supreme Court to Keep Him on Colorado Ballot Airstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red Sea “We can expect news on Piraeus Bank soon,” Greek Prime Minister Kyriakos Mitsotakis said in a Bloomberg Television interview with Francine Lacqua in Davos Friday. “We need more competition in the banking sector,” he said, adding that they still need to decide if the state will sell part or all of its 27% stake in the lender. Greece's economic growth in 2023 is expected to outperform most of the country's European peers, boosted by another strong year for the key tourism sector. During the second half of 2023, Greece managed to regain the investment grade status that it had lost almost 14 years earlier as it was entering
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