Reuters on Tuesday reported that four binding bids were tabled for a majority stake in Ethniki General Insurance Co. S.A., the insurance subsidiary of National Bank of Greece, Greece's oldest credit institution.
Reuters on Tuesday reported that four binding bids were tabled for a majority stake in Ethniki General Insurance Co. S.A., the insurance subsidiary of National Bank of Greece, Greece's oldest credit institution.
The news agency quotes a "banking source" in the capital.
The bids concern a 75-percent stake in the insurance company.
According to Reuters, the bids were placed by China's Fosun 0656.HK; two Shanghai-based companies, Gonbao and Wintime, and finally, the Netherlands-based Exin Parnters. A preferred investor is expected to be announced by the end of the week.