EFG Group to split
Source: Agencies |
July 24, 2012, Tuesday
|
Print Edition
Print Edition
GREECE'S second-largest lender EFG Eurobank said yesterday it would split from EFG Group at the request of European regulatory authorities.
EFG Group would transfer 43.55 percent of its 44.7 percent stake in the Greek lender to nine younger members of the Latsis family, a major shareholder in Eurobank which made its fortune in shipping, the bank said.
Eurobank has been battered by the country's crisis.
EFG Group would transfer 43.55 percent of its 44.7 percent stake in the Greek lender to nine younger members of the Latsis family, a major shareholder in Eurobank which made its fortune in shipping, the bank said.
Eurobank has been battered by the country's crisis.
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