ATEBANK
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Piraeus Bank Absorbs Ailing ATEBank’s Sound Assets, Including Romanian Unit
Greece's Piraeus Bank has absorbed the performing assets of ailing state-owned lender ATEBank, including the ATEbank Romania subsidiary, amid a process meant to restructure and financially strengthen the Greek banking system.
Greek ATEbank To Sell Romanian Unit Via Public Tender
Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday.
ATEbank To Hire Advisors To Sell Romanian Unit
Greek ATEbank on Tuesday said it will hire financial advisors to sell the majority stake in ATEbank Romania, under a restructuring plan set up in May this year.
ATEbank To Sell Majority Stake In Romanian Branch
Greek state-owned group ATEbank wants to sell the majority stake in ATEbank Romania, as part of a restructuring plan compiled and unfolded in compliance with European Union regulations.