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Athens News Agency: News in English, 11-02-18
CONTENTS
[01] Alpha Bank rejects NBG merger proposal
[01] Alpha Bank rejects NBG merger proposal
(ANA-MPA) -- Alpha Bank�s board on Friday unanimously rejected National
Bank�s merger plan, which was announced earlier in the day.
The bid was the second in a decade where a merger plan between the two
banks failed to materialise. A bank statement said Alpha Bank�s board
"unanimously, and after examining the terms of the proposed merger,
rejects the plan, taking in view the uncertainty created by the current
economic situation and the context of the plan, whose terms are
considered not to be to the benefit of Alpha Bank�s shareholders".
(ANA-MPA)
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